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    Penitas, TX
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    Penitas, TX Restaurants for Sale

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    La Joya, TX Mission, TX Palmview, TX Sullivan City, TX Edinburg, TX Palmhurst, TX Mcallen, TX Alton, TX
    Established Restaurant in Growing Area
    Updated: Mar 13
    Established Restaurant in Growing Area

    204 Tom Gill Road, Penitas, TX 78576

    $900,000
    3,182 sqft 0.51 AC lot
    Built in 2000 with a flat roof
    Heating includes electric, central, and propane
    Cooling includes electric and central air
    Electric water heater included
    Restaurant layout designed for dine‑in service plus a bar/lounging area and take‑out options
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    This listing looks promising.

    Here's a quick look at some key insights for

    204 Tom Gill Road, Penitas, TX 78576

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    • Est. Cap Rate

      5.1%
      NOI ÷ price

    • Est. NOI

      $46K
      Annual

    • Price @ 7% Cap

      $660K
      Suggested

    • Property Type

      Restaurant
      Built 2000
    View Property Analytics
    Commercial Building with Drive-Through
    Updated: Jul 14
    Commercial Building with Drive-Through

    513 N Tom Gill Road, Penitas, TX 78576

    $2,250,000
    9,014 sqft
    Commercial property at 513 N Tom Gill Rd on 1.6105 acres
    9014 total building area with masonry front facade and steel sides; year built 2009
    Event center setup plus an additional 1,235 SF drive‑through restaurant/sno‑cone specialty shop
    Over 70 parking spaces (75 total covered) with blacktop and enclosed parking
    Retail features include double pane energy windows; HVAC and heating included
    View details
    Turnkey Restaurant Building Package
    Turnkey Restaurant Building Package

    204 Tom Gill Road, Penitas, TX 78576

    $900,000
    3,182 sqft

    Established restaurant space with dine-in, bar/lounge, take-out options, and on-site and shared customer parking.

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    Freestanding Sonic Investment Property
    Freestanding Sonic Investment Property

    1815 E Expressway 83, Penitas, TX 78576

    $2,312,000
    1,227 sqft

    New 20-year NNN lease with rental increases in Penitas, Texas.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Taqueria on Tom Gill Road
    Taqueria on Tom Gill Road

    614 Tom Gill Road, Penitas, TX 78576

    $185,000
    0.50 AC lot

    Turnkey taqueria with drive-thru on high-traffic Tom Gill Road.

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    Based on your search, we've compiled 24 Potential Opportunities for your consideration. Besides 5 Active listings in Penitas, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 11 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Versatile Commercial Property in Palmview
    Versatile Commercial Property in Palmview

    804 W Veterans Boulevard, Palmview, TX 78572

    $315,000
    1,830 sqft 0.42 AC lot

    Commercial property with multiple income-producing opportunities in a high-traffic location.

    View details
    Commercial Drive-Thru Convenience Store
    Commercial Drive-Thru Convenience Store

    100 S Minnesota Road, Mission, TX 78572

    $155,000
    2,472 sqft 0.23 AC lot

    Freestanding commercial drive-thru convenience store in a high-visibility location.

    View details
    Equipped Restaurant on High-Traffic Corner
    Equipped Restaurant on High-Traffic Corner

    121 E Bentsen Palm Drive, Palmview, TX 78572

    $595,000
    3,344 sqft

    Fully equipped restaurant for sale in Palmview, Texas.

    View details
    Commercial Land in Mission, Texas
    Commercial Land in Mission, Texas

    1512 W Business 83 Highway, Mission, TX 78572

    $185,000
    0.51 AC lot

    Prime commercial property in a growing area of Mission, Texas.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Commercial Land on Expressway
    Prime Commercial Land on Expressway

    1012 Expressway 83, La Joya, TX 78560

    $399,000
    2.00 AC lot

    2-acre commercial tract on Expressway 83 in La Joya, TX.

    View details
    Palmview Commercial Land Opportunity
    Palmview Commercial Land Opportunity

    Showers Road, Palmview, TX 78572

    $180,000
    1.00 AC lot

    Prime commercial land near retail development and high-traffic area.

    View details
    Divisible C1 Commercial Land Tract
    Divisible C1 Commercial Land Tract

    S Showers Road S, Palmview, TX 78572

    $475,000
    3.00 AC lot

    3-acre C1 tract divisible to 1-acre parcels, positioned across from a middle school for strong visibility.

    View details
    Retail Property with Three Buildings
    Retail Property with Three Buildings

    1317 W Palma Vista Drive W, Palmview, TX 78572

    $999,999
    3,655 sqft 1.20 AC lot

    For-sale retail complex with three separate buildings across four lots for flexible tenant or user setups.

    View details

    Off-Market Properties in Penitas, TX

    Consider similar Off-Market properties in Penitas, TX. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    409 Tom Gill Rd
    RESTAURANT

    409 Tom Gill Rd, Penitas, TX 78576-8615

    Value Estimation by Request
    884 sqft 1.61 AC lot
    View details
    1108 Expy 83
    RESTAURANT

    1108 Expy 83, Penitas, TX 78576

    Value Estimation by Request
    1,188 sqft 0.71 AC lot
    View details
    614 Tom Gill Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    614 Tom Gill Rd, Penitas, TX 78576-2264

    Value Estimation by Request
    468 sqft 0.51 AC lot
    View details
    La Fuente Dr Tom Gill Rd
    RESTAURANT

    La Fuente Dr Tom Gill Rd, Penitas, TX 78576

    Value Estimation by Request
    5,299 sqft 0.50 AC lot
    View details
    701 Tom Gill Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    701 Tom Gill Rd, Penitas, TX 78576-7427

    Value Estimation by Request
    2,250 sqft 2.96 AC lot
    View details
    Expy 83
    RESTAURANT

    Expy 83, Penitas, TX 78576

    Value Estimation by Request
    3,248 sqft 0.20 AC lot
    View details
    204 Tom Gill Rd
    RESTAURANT

    204 Tom Gill Rd, Penitas, TX 78576

    Value Estimation by Request
    3,182 sqft 0.51 AC lot
    View details
    Penitas, TX 78576
    RESTAURANT

    Penitas, TX 78576

    Value Estimation by Request
    1,868 sqft 1.00 AC lot
    View details
    1815 Expressway 83
    Restaurants

    1815 Expressway 83, Penitas, TX 78576

    Value Estimation by Request
    1,227 sqft 1.05 AC lot
    View details
    1606 La Fuente Dr
    Restaurants

    1606 La Fuente Dr, Penitas, TX 78576

    Value Estimation by Request
    View details
    2101 Expressway 83
    Individual retail properties

    2101 Expressway 83, Penitas, TX 78576

    Value Estimation by Request
    2,244 sqft 0.83 AC lot
    View details

    Penitas, TX Restaurants Market Trends and Statistics

    Explore 16 restaurants for sale in Penitas, TX, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 16,605 square feet of properties for sale, with an estimated market value of $6,547,000.

    Sale prices for restaurant properties in Penitas, TX start at $185,000, averaging $1,309,400, and reaching up to $2,312,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Drive through restaurants 3
    Conventional restaurants 2

    Demographics Overview

    Population 14K
    Population Growth (5Y) +26.7%
    Median Household Income $48,205
    College Educated 8.6%

    High-Yield Neighborhoods for Investment

    Identify Penitas submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Alamo $270K
    Penitas $1.1M

    Taxes & Financing

    Tax Rate (average for all types) 2.50%
    Property Tax per SF $63.66 per SF
    Tax Rate vs County Average 0.14 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Hidalgo County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Hidalgo County

    Retail

    Office

    Residential Income

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