0 Expressway 83 Penitas, TX 78576
This 2.03-acre commercial development site in Penitas, Texas, is strategically located on SE Expressway 83, boasting exceptional visibility and high traffic counts of 44,780 vehicles per day. The property is zoned for commercial use and presents a significant opportunity for developers. Its prime location offers proximity to established national brands such as Dollar Tree, Denny's, Blue Wave, Domino's Pizza, Little Caesars, Wingstop, First Cash, and Murphy Express. The area is experiencing substantial growth, with new developments underway including Chick-fil-A, Starbucks, Wendy's, and Take 5 Oil Change. This parcel, identified by APN A1303-01-000-0002-00, offers substantial potential for a variety of commercial ventures, capitalizing on the high traffic volume and strong existing commercial presence. The asking price for this exceptional development opportunity is $475,000. The property is situated in Hidalgo County, Texas, with a zip code of 78576.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.