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Property profile & analytics
OFF-MARKET
Land

17922 Coconut Palm Dr Penitas, TX 78576

Built 2005
Property ID
Property summary
AI-generated overview

Exceptional commercial land opportunity in Penitas, Texas, totaling 32,700.056 square feet. This 2005-built property boasts a highly visible corner lot location, previously utilized as a drive-thru and bakery, suggesting strong potential for food service or retail ventures. Currently vacant, this presents a unique chance to develop a business tailored to market demands. The ample parking caters to high foot traffic businesses. The property's location offers excellent visibility and accessibility, making it an attractive investment for entrepreneurs seeking a high-traffic location in a growing area. The previous uses indicate a potential demand for food and retail services in the immediate vicinity. This versatile space allows for a wide range of development possibilities, from cafes and convenience stores to other retail establishments. The substantial lot size provides ample room for expansion or additional development. This property presents a compelling investment opportunity in a desirable Texas location. The asking price is $500,000. Located at 17922 Coconut Palm Drive, Penitas, TX 78576.

Property profile
Verified
Property type Land
Year built 2005
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bread House Bakery Bakery Specialty Food Shop
  • Johnny's Taqueria & Grocery Store Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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