38807 Mile 7 Rd Penitas, TX 78576
This exceptional commercial land opportunity in Penitas, Texas, presents a compelling investment prospect. Located at 38807 W Mile 7 Road, this 22,097.98 square foot lot boasts a highly desirable location directly across from Junior's Supermarket, ensuring significant visibility and foot traffic. The property includes an existing 1,200 square foot retail building, offering immediate potential for various business ventures. This building provides a solid foundation for expansion or adaptation to suit your specific needs. The lot's substantial size, exceeding half an acre, allows for considerable flexibility in development and future growth. With over 100 feet of road frontage on Mile 7 Road, this property guarantees excellent exposure to the constant flow of traffic. Furthermore, its convenient proximity to Expressway 83, accessible within 10 minutes via Tom Gill Road, provides easy access to major transportation routes. Built in 2004, this property is situated in Hidalgo County, Texas, zip code 78576, offering a strategic location for commercial success. The asking price is $160,000. This is a rare opportunity to acquire a well-positioned commercial property in a thriving area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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