17922 Coconut Palm Dr Penitas, TX 78576
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.
-
Bread House Bakery Bakery Specialty Food Shop
-
Johnny's Taqueria & Grocery Store Grocery & Convenience Store Food Market
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.