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    Penitas, TX
    Retail

    Penitas, TX Retail Space 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
    Based on your search, we've compiled 18 Potential Opportunities for your consideration. Besides 1 Active listings in Penitas, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 12 Off-Market properties to explore as potential leads, plus 1 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.

    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
    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
    COMMERCIAL - Palmview, TX
    COMMERCIAL - Palmview, TX

    1929 W Palma Vista Drive W, Palmview, TX 78572

    $850,000
    19,863 sqft 0.46 AC lot

    Retail space · 19,863 SF

    View details
    Expressway Frontage Commercial Property
    Expressway Frontage Commercial Property

    7710 W Expressway 83, Mission, TX 78572

    Contact for pricing
    1,800 sqft

    Commercial building with warehouse, suitable for retail or daycare.

    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.

    PUD-Zoned Commercial Land with Frontage
    PUD-Zoned Commercial Land with Frontage

    3229 State Road 207, Elkton, FL 32033

    $1,599,000
    2.07 AC lot

    2.07-acre PUD-zoned parcel on State Hwy 207 with 360 feet of frontage and an on-site renovated 2012 home.

    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.

    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
    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
    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
    44014 Austen St
    RETAIL STORES (PERSONAL SERVICES)

    44014 Austen St, Penitas, TX 78576-5032

    Value Estimation by Request
    1,600 sqft 0.83 AC lot
    View details
    2200 Expy 83
    RETAIL STORES (PERSONAL SERVICES)

    2200 Expy 83, Penitas, TX 78576-2254

    $940,000
    Estimated value
    7,565 sqft 1.01 AC lot
    View details
    7 Mi Line Royal Palm
    RETAIL STORES (PERSONAL SERVICES)

    7 Mi Line Royal Palm, Penitas, TX 78576

    $1,235,000
    Estimated value
    27,520 sqft 1.25 AC lot
    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
    1913 Us-83
    Individual retail properties

    1913 Us-83, Penitas, TX 78576

    Value Estimation by Request
    1,682 sqft 0.76 AC lot
    View details
    1412 Expy 83
    RETAIL STORES (PERSONAL SERVICES)

    1412 Expy 83, Penitas, TX 78576

    Value Estimation by Request
    1,068 sqft 0.15 AC lot
    View details
    Penitas, TX 78576
    RETAIL STORES (PERSONAL SERVICES)

    Penitas, TX 78576

    Value Estimation by Request
    1,200 sqft 0.51 AC lot
    View details
    Penitas, TX 78576
    RETAIL STORES (PERSONAL SERVICES)

    Penitas, TX 78576

    $17,645,000
    Estimated value
    181,816 sqft 25.97 AC lot
    View details

    Penitas, TX Retail Space Market Trends and Statistics

    Explore 13 retail space for sale in Penitas, TX on our real estate platform. These investment opportunities span a total of 6,820 square feet of properties for sale, with an estimated market value of $1,100,000.

    Sale prices for retail space in Penitas, TX average $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
    78576 $588.3K

    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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