0 W Frontage Rd W Unit 448408 Penitas, TX 78576
Estimated payment $10,630/month
About This Lot
Seize the opportunity to develop in the thriving City of Peñitas, Texas! This 3.65-acre property offers approximately 400 feet of Expressway 83 frontage, with over 35,000 vehicles passing daily. This bustling thoroughfare is a crucial route for commuters traveling between McAllen, Mission, Edinburg, and beyond. Just 8 miles west of Mission and 25 miles east of Rio Grande City, the property sits in the heart of a fast-growing region surrounded by new retail developments. With its prime location and high visibility, this site is ideal for a retail shopping center, restaurant, medical facility, or office complex. Don’t miss out on this exceptional development opportunity in a rapidly expanding market! The lot immediately to the west, just across the access road, is also for sale. This presents a unique opportunity for buyers to purchase both properties as a package or individually, offering even more development potential in this high-traffic area.
Property Details
Property Type
- Land
Est. Annual Taxes
- $40
Lot Details
- 4.44 Acre Lot
- Property fronts an interstate
Schools
- Jfk Elementary School
- De Zavala Middle School
- La Joya High School
Utilities
- Septic Tank
- Municipal Utilities District Sewer
Community Details
- No Home Owners Association
- Schunior Subdivision
Listing and Financial Details
- Assessor Parcel Number S22000003C000200
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $40 | $1,656 | $1,656 | -- |
| 2023 | $37 | $1,567 | $1,567 | $0 |
| 2022 | $35 | $1,354 | $1,354 | $0 |
| 2021 | $35 | $298,581 | $298,581 | $0 |
| 2020 | $36 | $115,553 | $115,553 | $0 |
| 2019 | $40 | $115,553 | $115,553 | $0 |
| 2018 | $40 | $115,553 | $115,553 | $0 |
| 2017 | $41 | $135,384 | $135,384 | $0 |
| 2016 | $38 | $135,384 | $135,384 | $0 |
| 2015 | $71 | $135,384 | $135,384 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/09/2024 09/09/24 | For Sale | $1,907,666 | -- | -- |
Source: Greater McAllen Association of REALTORS®
MLS Number: 448408
APN: S2200-00-03C-0002-00
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