Property profile

44014 Austen St Penitas, TX 78576

FOR SALE
Retail space
Property ID
US82-9387684
1,600 SF 0.83 ac lot Built 2016
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property in Penitas, Texas, presents a rare investment opportunity. Located at 44014 Austen Street, this 0.83-acre lot (36,363 sq ft) features a 3,500 sq ft building constructed in 2016. Currently operating as a successful convenience store and meat market, the property boasts ample coolers ideal for perishable goods. Its strategic location near Expressway 83 ensures high visibility and easy accessibility for customers, maximizing its commercial potential. The expansive lot provides abundant parking, accommodating current operations and offering significant room for future expansion or development. The property's existing infrastructure and prime location make it suitable for a variety of commercial ventures. The asking price is $400,000. This thriving business presents a strong return on investment, with the potential for increased revenue through expansion or diversification. The property's location in the bustling Penitas area offers significant growth opportunities. This is a turnkey operation with established clientele, ready for a new owner to capitalize on its success. The property is zoned for commercial use and is situated in Hidalgo County, Texas, zip code 78576. This is a unique opportunity to acquire a well-established commercial property with significant upside potential.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2016
Total area 1,600 SF
Lot 0.83 ac (36,364 SF)
APN P9276-01-000-0001-00
UPID US82-9387684

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Credit Union
  • Department Store

Location

44014 Austen St Penitas, TX 78576
Penitas metro Census 24211 MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
2015
Price N/A
2014
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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