Medical Premises
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Penitas, TX Medical Office Space for Sale

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La Joya, TX Mission, TX Palmview, TX Sullivan City, TX Edinburg, TX Alton, TX Palmhurst, TX Mcallen, TX
Commercial Strip Building with Vacant Expansion Land
Updated: Apr 7
Commercial Strip Building with Vacant Expansion Land

1312 Expressway 83, Penitas, TX 78576

$1,100,000
6,820 sqft 1.76 AC lot
Approximately 6,820 SF commercial strip building
Brick construction with flat and tile roof
About 1.76 acres with ample vacant land for expansion or subdivision
Immediate access from East‑Bound Expressway 83 and Buenavista Street
Recent use: medical clinic, pharmacy/retail, and office/insurance
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Bank-Owned Office and Training Building
Updated: Apr 11
Bank-Owned Office and Training Building

500 S Main Street, Penitas, TX 78576

Contact for pricing
5.00 AC lot
5.0‑acre bank‑owned commercial building with multiple interior offices and support rooms
Features include reception, conference room, training room, and several clerical/file rooms
Additional rooms include break room and storage
Off Main St (19th St) and FM 1427, with access from Expwy 83; property is on the east side
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Penitas, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Medical Office Building with Parking
Medical Office Building with Parking

844 E US Highway 83, La Joya, TX 78560

$299,998
2,912 sqft 0.18 AC lot

2,912 SF office building previously used as a school with flexible room layout and ample paved, handicap-accessible parking.

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Medical Office Building with Flexible Layout
Medical Office Building with Flexible Layout

844 E Expressway 83, La Joya, TX 78560

$299,998
2,912 sqft

Flexible interior supports exam rooms or multiple office configurations.

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Medical Office Space
Medical Office Space

2134 Griffin Parkway, Mission, TX 78572

Contact for pricing
2,970 sqft

Established medical office property with paved on-site parking and direct access from a city road.

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Restaurant with Medical Office Flex Space
Restaurant with Medical Office Flex Space

6912 N La Homa Road, Mission, TX 78574

Contact for pricing

Former restaurant space includes an additional area that can be used as a medical office, with ample customer parking.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Land with Public Water
Commercial Land with Public Water

4029 Expressway 83, Mcallen, TX 78501

$1,450,000
0.95 AC lot

Vacant commercial parcel positioned between established restaurant and home furnishings businesses with public water service.

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Penitas, TX Medical Office Space Market Trends and Statistics

Explore 2 medical office space for sale in Penitas, TX on our real estate platform. These investment opportunities span a total of 6,820 square feet of properties for sale, with an estimated market value of $1,100,000.

Sale prices for medical spaces in Penitas, TX average $1,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Medical Office Space 3
Office buildings 1
Office Units 1

Demographics Overview

Population 14K
Population Growth (5Y) +26.7%
Median Household Income $48,205
College Educated 8.6%

High-Yield Neighborhoods for Investment

Identify Penitas submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
78576 $1.1M

Taxes & Financing

Tax Rate (average for all types) 2.50%
Property Tax per SF $63.66 per SF
Tax Rate vs County Average 0.14 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Hidalgo County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Hidalgo County

Retail

Office

Residential Income

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