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    101 Buena Vis St Penitas, TX 78576

    For Sale
    $650,000

    Prime Commercial Land, High-Visibility Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional commercial land opportunity in Penitas, Texas, presents a compelling investment prospect. Located at 101 Buena Vista Street, this 17,056.789 square foot lot offers significant potential for various commercial ventures. Built in 2009, the property includes approximately 5,000 square feet of existing rental space, with half currently leased, providing immediate rental income. The remaining space features multiple offices, ready for immediate occupancy or customization to suit your business needs. A substantial 7,300 square foot parking lot ensures ample space for clients and employees. The property benefits from a highly visible location with convenient access to the expressway, making it ideal for businesses seeking high traffic exposure in the rapidly developing Penitas/La Joya area. The asking price is $650,000. This property is zoned for commercial use and offers a unique blend of existing income and development potential. The property's strategic location and existing infrastructure make it an attractive investment for both established businesses and forward-thinking entrepreneurs seeking a foothold in this thriving Texas market. The Hidalgo County location and 78576 zip code offer easy access to regional transportation networks. This is a rare opportunity to acquire a well-positioned commercial property with immediate income potential and significant upside.

    Property Features for 101 Buena Vis St

    General Information

    Property type
    Land

    Building Details

    Year Built
    2009

    HighLights

    • 17,056.79 SF commercial lot in Penitas, TX.
    • 5,000 SF existing building with half currently leased, generating immediate income.
    • 7,300 SF parking lot.
    • High‑visibility location with expressway access in rapidly developing area.
    • Asking price: $650,000.
    • Commercially zoned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Penitas
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.4485586
    Latitude
    26.2435419

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High-Visibility Location
    Where is this land located?
    The property is located at 101 Buena Vis St Penitas, TX.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 17,056.79 SF commercial lot in Penitas, TX.; 5,000 SF existing building with half currently leased, generating immediate income.; 7,300 SF parking lot.
    Request Owner's contact information
    101 Buena Vis St Penitas, TX 78576
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    Penitas, TX 78576
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 Buena Vis St Penitas, TX 78576
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