2001 Us-83 Penitas, TX 78576
- Land
Current Use by Public Records
- Land
Property Details for 2001 Us-83
- Property type
- Land
Description
This exceptional commercial land opportunity in Penitas, Texas, presents a prime investment in a thriving community. Located at the northeast corner of US Highway 83 and Liberty Boulevard, this 0.93-acre hard corner parcel offers multiple pad sites ideal for quick-service restaurants (QSRs) and other commercial ventures. The property benefits from its strategic location between Mission and La Joya, Texas, directly adjacent to a Walmart Supercenter, ensuring high visibility and significant foot traffic. With a daily traffic count of 43,018 vehicles on US Highway 83, this location guarantees maximum exposure. The surrounding area boasts a strong retail presence, including established businesses such as Denny's, Wingstop, Subway, and McDonald's, creating a robust customer base. The property is situated within an Opportunity Zone, offering potential tax advantages. Market analysis projects a population of 20,606 residents within a 3-mile radius in 2023, with an average household income of $56,509, indicating substantial purchasing power. This property is zoned for commercial use and presents a remarkable opportunity for investors seeking high-traffic exposure and strong community growth. The site's proximity to major retailers and its location on a busy highway make it an ideal location for a variety of commercial uses. Contact us for pricing and further details.
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
- -98.4399
- Latitude
- 26.2431
