1420 Expy 83 Hwy Penitas, TX 78576
This exceptional commercial property, located at 1420 Expressway 83 Highway in Penitas, Texas, presents a unique investment opportunity. The property encompasses a total of 7.52 acres of land, offering significant potential for expansion and development. Currently, the site includes approximately 2,150 square feet of existing office space, ideal for a variety of professional uses. This existing office building sits on approximately one acre, leaving 6.52 acres of vacant land ready for future development. The property's prime location in the rapidly growing city of Penitas, Texas, within Hidalgo County, ensures high visibility and accessibility. Built in 1999, the office building includes a convenient rear garage. The property's zoning and potential uses should be verified independently. The asking price for this substantial land and office space is $1,110,000. This presents a compelling opportunity for investors seeking a blend of immediate income generation and long-term development potential in a thriving Texas market. The property's zip code is 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.