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    Penitas, TX
    Retail

    Penitas, TX Retail Properties & Spaces for Sale

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    La Joya, TX Mission, TX Palmview, TX Sullivan City, TX Edinburg, TX Palmhurst, TX Mcallen, TX Alton, TX
    Strip Mall with Expansion Land
    Updated: Apr 7
    Strip Mall with Expansion Land

    1312 Expressway 83, Penitas, TX 78576

    $1,100,000
    6,820 sqft 1.76 AC lot
    Approx. 6,820 SF commercial strip building on approx. 1.76 acres with building and parking lot plus additional vacant land
    Recent uses include medical clinic, pharmacy/retail, and office/insurance space
    Immediate access from East‑Bound Expressway 83 and Buenavista Street in Penitas
    Built in 1983 with brick construction and a tile and flat roof
    Heating: zoned central electric systems; cooling: zoned central air (electric)
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    This listing looks promising.

    Here's a quick look at some key insights for

    1312 Expressway 83, Penitas, TX 78576

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    • Est. Cap Rate

      9.2%
      Above avg (5.9%)

    • Est. NOI

      $101K
      Annual

    • Price @ 7% Cap

      $1.44M
      Above asking

    • Property Type

      Neighborhood: Shopping Center, Strip Center, Enterprise Zone
      Built 1983
    View Property Analytics
    Turn-Key Convenience Store
    Updated: Aug 15, 2025
    Turn-Key Convenience Store

    44014 Austen Street, Penitas, TX 78576

    $325,000
    1,600 sqft
    Turn‑key ready convenience store for sale on the northeast corner of Jarachinas Rd and Austen St
    Built in 2016
    18 paved parking spaces and paved driveway
    Central air conditioning
    3 guest facilities
    View details
    Versatile Commercial Property on Tom Gill
    Versatile Commercial Property on Tom Gill

    3429 N Tom Gill Road # 0, Penitas, TX 78576

    $900,000
    2.49 AC lot

    2.49-acre commercial property with mechanic shop, car wash, inspection station.

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    Based on your search, we've compiled 70 Potential Opportunities for your consideration. Besides 3 Active listings in Penitas, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 59 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.

    Mission, TX Commercial Property
    Mission, TX Commercial Property

    7710 W Expressway 83, Mission, TX 78572

    $350,000
    1,800 sqft 0.50 AC lot

    Prime real estate suitable for retail, daycare, office spaces.

    View details
    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
    Expressway Frontage Commercial Property
    Expressway Frontage Commercial Property

    7710 W Expressway 83, Mission, TX 78572

    $350,000
    1,800 sqft

    Commercial building with warehouse, suitable for retail or daycare.

    View details
    Corner Convenience Store
    Corner Convenience Store

    1001 Leo Avenue, La Joya, TX 78560

    Contact for pricing

    Corner lot convenience store building with a former mini-mart setup, offered for sale or lease by the seller.

    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.

    La Joya Commercial Lot
    La Joya Commercial Lot

    S Expressway 83, La Joya, TX 78560

    $159,999
    1.44 AC lot

    High-visibility commercial lot near schools 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.

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    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.

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    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

    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.

    2000 Expy 83
    AUTO REPAIR, GARAGE

    2000 Expy 83, Penitas, TX 78576-2235

    Value Estimation by Request
    907 sqft 0.10 AC lot
    View details
    Washington Palm Dr
    SHOW ROOM, WAREHOUSE

    Washington Palm Dr, Penitas, TX 78576

    $1,295,000
    Estimated value
    9,100 sqft 1.04 AC lot
    View details
    227 Expy 83
    RETAIL STORES (PERSONAL SERVICES)

    227 Expy 83, Penitas, TX 78576

    Value Estimation by Request
    1,824 sqft 0.75 AC lot
    View details
    712 Expy 83
    RETAIL STORES (PERSONAL SERVICES)

    712 Expy 83, Penitas, TX 78576

    Value Estimation by Request
    1,598 sqft 0.18 AC lot
    View details
    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
    100 Longoria St
    RETAIL STORES (PERSONAL SERVICES)

    100 Longoria St, Penitas, TX 78576-2218

    Value Estimation by Request
    3,628 sqft 0.27 AC lot
    View details
    1614 Expy 83
    VEHICLE SALES, RENTALS

    1614 Expy 83, Penitas, TX 78576-2215

    Value Estimation by Request
    400 sqft 0.50 AC lot
    View details
    Penitas, TX 78576
    AUTO REPAIR, GARAGE

    Penitas, TX 78576

    Value Estimation by Request
    3,360 sqft 2.49 AC lot
    View details
    1212 Expy 83
    AUTO REPAIR, GARAGE

    1212 Expy 83, Penitas, TX 78576

    Value Estimation by Request
    1,312 sqft 0.18 AC lot
    View details
    3322 Tom Gill Rd
    GROCERY, SUPERMARKET

    3322 Tom Gill Rd, Penitas, TX 78576-7231

    Value Estimation by Request
    2,954 sqft 0.48 AC lot
    View details
    Expy 83
    AUTO REPAIR, GARAGE

    Expy 83, Penitas, TX 78576

    Value Estimation by Request
    5,678 sqft 0.49 AC lot
    View details
    709 Tom Gill Rd
    RETAIL STORES (PERSONAL SERVICES)

    709 Tom Gill Rd, Penitas, TX 78576-7427

    Value Estimation by Request
    2,180 sqft 1.28 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
    101 Main St
    SHOPPING CENTER, STRIP CENTER

    101 Main St, Penitas, TX 78576-7394

    Value Estimation by Request
    5,087 sqft 0.29 AC lot
    View details
    1601 Blue Bird Ave
    CONVENIENCE STORE

    1601 Blue Bird Ave, Penitas, TX 78576

    Value Estimation by Request
    2,941 sqft 0.62 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
    512 Tom Gill Rd
    SHOPPING CENTER, STRIP CENTER

    512 Tom Gill Rd, Penitas, TX 78576-2240

    Value Estimation by Request
    5,542 sqft 0.51 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
    503 Tom Gill Rd
    SHOPPING CENTER, STRIP CENTER

    503 Tom Gill Rd, Penitas, TX 78576-2250

    Value Estimation by Request
    1,820 sqft 0.50 AC lot
    View details
    Cir 6th St N N St
    CONVENIENCE STORE

    Cir 6th St N N St, Penitas, TX 78576

    Value Estimation by Request
    3,600 sqft 0.50 AC lot
    View details

    Penitas, TX Retail Properties & Spaces Market Trends and Statistics

    Explore 62 retail properties & spaces for sale in Penitas, TX, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 8,420 square feet of properties for sale, with an estimated market value of $2,325,000.

    Sale prices for stores in Penitas, TX start at $325,000, averaging $775,000, and reaching up to $1,100,000 — 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

    Shopping centers 2
    Storefront properties 2
    Auto shops 1
    Automotive properties 1
    Car washes 1

    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 $563K

    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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