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    002 Buena Vis St Penitas, TX 78576

    For Sale
    $1,907,000

    Prime 48-acre tract, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 48.3-acre land parcel presents a remarkable opportunity for developers seeking a prime location in the rapidly expanding city of Penitas, Texas. Situated conveniently near Expressway 83, this property boasts excellent accessibility and visibility. The land features a pre-existing barn, providing potential for immediate use or repurposing. Pasture areas are enhanced by cross-fencing, indicating prior agricultural use and suggesting established infrastructure. A portion of the land includes light brush, adding to its natural character. A man-made pond is located at the southern end of the property, offering an attractive aesthetic feature and potential for water-related development. The asking price for this expansive tract is $1,907,000. Located at 002 Buena Vista Street, Penitas, TX 78576 (Hidalgo County, zip code 78576), this property's coordinates are 26.2423145 latitude and -98.4490852 longitude. The significant acreage and strategic location make this property an exceptional investment for various development projects. The existing structures and natural features offer flexibility for a range of uses, from residential to commercial or mixed-use developments. This is a rare opportunity to acquire a substantial land holding in a high-growth area.

    Property Features for 002 Buena Vis St

    General Information

    Property type
    Land
    Lot Size
    2,103,948 SF

    HighLights

    • 48.3‑acre land parcel in Penitas, TX, near Expressway 83.
    • $1,907,000 asking price.
    • Features a barn, pasture with cross‑fencing, and a man‑made pond.
    • Located at 002 Buena Vista Street, Penitas, TX 78576 (Hidalgo County).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Penitas
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.4490852
    Latitude
    26.2423145

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    FAQs

    What type of property is this?
    Land - Prime 48-acre tract, ideal for development.
    Where is this land located?
    The property is located at 002 Buena Vis St Penitas, TX.
    What is the asking price?
    The asking price for this property is $1,907,000.
    What are key features of this property?
    This property features: 48.3-acre land parcel in Penitas, TX, near Expressway 83.; $1,907,000 asking price.; Features a barn, pasture with cross-fencing, and a man-made pond.
    Request Owner's contact information
    002 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
    002 Buena Vis St Penitas, TX 78576
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