44014 Austen StPenitas, TX 78576

Property Details for 44014 Austen St

Year built

2016

Lot size

0.83 AC

Property size (Sq ft)

1,600 SF

Property type

Retail space

APN

P9276-01-000-0001-00

APU

P927601000000100

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $320,176

  6.5%

  $295,547

  7%

  $274,436

• Comparable approach

  Method

  Valuation

  Relative Method

  $351,617

  Geo Method

  $916,353

• Alternative Use

  Use

  Valuation

  Residential

  $249,305

  Hospitality

  $228,362

  Educational

  $189,994

  Medical

  $196,529

  Retail

  $295,547

Location Insight

City

Penitas

County

Hidalgo

State

Texas

Latitude

26.3022

Longitude

-98.4758

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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