002 Buena Vis St Penitas, TX 78576
This exceptional 48.3-acre land parcel presents a remarkable opportunity for developers seeking a prime location in the rapidly expanding city of Penitas, Texas. Situated conveniently near Expressway 83, this property boasts excellent accessibility and visibility. The land features a pre-existing barn, providing potential for immediate use or repurposing. Pasture areas are enhanced by cross-fencing, indicating prior agricultural use and suggesting established infrastructure. A portion of the land includes light brush, adding to its natural character. A man-made pond is located at the southern end of the property, offering an attractive aesthetic feature and potential for water-related development. The asking price for this expansive tract is $1,907,000. Located at 002 Buena Vista Street, Penitas, TX 78576 (Hidalgo County, zip code 78576), this property's coordinates are 26.2423145 latitude and -98.4490852 longitude. The significant acreage and strategic location make this property an exceptional investment for various development projects. The existing structures and natural features offer flexibility for a range of uses, from residential to commercial or mixed-use developments. This is a rare opportunity to acquire a substantial land holding in a high-growth area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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