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    Penitas, TX
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    Penitas, TX Storefront Properties for Sale

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

    1312 Expressway 83, Penitas, TX 78576

    $1,100,000
    6,820 sqft 1.76 AC lot
    Approximately 6,820 SF commercial strip building
    Brick construction with flat and tile roof
    About 1.76 acres with ample vacant land for expansion or subdivision
    Immediate access from East‑Bound Expressway 83 and Buenavista Street
    Recent use: medical clinic, pharmacy/retail, and office/insurance
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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 11 Potential Opportunities for your consideration. Besides 1 Active listings in Penitas, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 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.

    7-Unit Shopping Center
    7-Unit Shopping Center

    220 Alton Boulevard, Alton, TX 78573

    $895,000
    6,233 sqft 0.45 AC lot

    Zoned CO and built in 2007, a 7-unit fully leased shopping center with central electric HVAC in Alton, TX.

    View details
    Multi-Suite Retail/Office Plaza
    Multi-Suite Retail/Office Plaza

    2210 E Expressway 83, Mission, TX 78572

    $1,150,000
    3,560 sqft

    Modern plaza with three distinct suites, suited for retail, office, or service uses, with parking and access to major roads.

    View details
    8,000 SF Retail Building
    8,000 SF Retail Building

    622 Alton Blvd, Alton, TX 78573

    $972,000
    8 sqft

    Freestanding retail building in Alton, Texas, with high visibility.

    View details
    Retail Storefront with Lease-to-Own
    Retail Storefront with Lease-to-Own

    904 W US Highway Business 83, Mission, TX 78572

    $500,000
    1,823 sqft 0.49 AC lot

    Retail storefront for sale featuring an established specialty shop operated for over 20 years.

    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
    Prime Commercial Lot in McAllen
    Prime Commercial Lot in McAllen

    437 S King Highway, Mcallen, TX 78501

    $599,000
    2,546 sqft 0.46 AC lot

    C-3 zoned commercial lot near McAllen Convention Center.

    View details
    Commercial Lot in Pharr, TX
    Commercial Lot in Pharr, TX

    6703 S Jackson Road, Pharr, TX 78577

    $155,000
    0.19 AC lot

    Commercial lot in a high-traffic shopping strip.

    View details
    Commercial Lot in High-Traffic Area
    Commercial Lot in High-Traffic Area

    2400 S Cage Boulevard, Pharr, TX 78577

    $180,000
    0.15 AC lot

    0.15-acre commercial lot in a high-traffic location.

    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.

    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

    Penitas, TX Storefront Properties Market Trends and Statistics

    Explore 3 storefront properties 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 units 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

    Storefront properties 3
    Shopping centers 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%

    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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