1420 Expy 83 Hwy Penitas, TX 78576
- Commercial real estate
- 2,150 SF
- 7.52 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1420 Expy 83 Hwy
- Year built
- 1999
- Lot size
- 7.52 lot acres
- Property size
- 2,150 SF
- Property type
- Commercial real estate
Description
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, offering significant potential for expansion or development. Currently, a 2,150 square foot office building occupies approximately one acre of the land. This existing structure features a convenient rear garage, ideal for storage or additional workspace. The remaining 6.52 acres provide substantial undeveloped land, perfect for future construction or expansion of the existing office space. The property's prime location on Expressway 83 Highway ensures high visibility and accessibility, making it an attractive option for a variety of commercial uses. Given Penitas's rapid growth, this property offers a compelling investment opportunity with significant upside potential. The asking price for this expansive commercial property is $850,000. This represents a rare chance to acquire a substantial land holding in a thriving Texas community with excellent highway frontage. The existing office building provides immediate income potential or a ready-made space for a new business. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Penitas
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.4472
- Latitude
- 26.243
