+/ 3.5 Acre Development Site Investment Opportunity

$450,000

8469 West Business Highway 83, Penitas, TX 78576

For Sale

Development Unknown Sub Type

Active

Last Updated: 07/03/2025

Details:

Lot Area: 3.5 acres

Offered by

Pauline Zurovec

Associate

Marcus Phipps Real Estate Commercial

#0249384

Request Info to Unlock

Highlights:

OPPORTUNITY to acquire a “prime” development site within the Harlingen, Texas.
Site provides +/-3.5 acres situated on Business Highway 83 just west of Altas Palmas Road.
Site has +/-275 of retail frontage on Bus. Hwy 83, making this site prime for any type of business operation. At rear of site there is a single family home. Plenty of land for expansion of the retail frontage and development of multi-family or new home site at rear.
With its convenient location, this land is primed for success. Located within 1 mile of Expressway 83 (I-2). Situated in close proximity to schools, shopping, restaurants & entertainment. The medical centers located less than 15 minutes from the site.

Description:

This impressive real estate opportunity presents a +/-3.5 ACRE tract of improved land with retail and residential possibilities. Perfect for business operation or rental with excess land for the addition of multi-family, owner’s personal home site, etc. This development tract provides a blank canvas for your vision.

Presently the retail frontage (+/-275’ X 550’) is leased to a tire shop/garage, car wash & food trucks. Tire shop has city water & septic. The two home sites at rear have well water and are on septic.

The rear of property is covered with lush foliage and large mature trees canopy the site. The rear acreage has two older homes presently occupied on a month-to-month basis. 1st Home (+/-1,780 sf) was constructed +/-1928. 2nd Home (815 sf) constructed +/-1982 (CCAD)

Ideal for retail & residential development – Perfect for single-family development or multi-family behind the retail frontage thereby capitalizing on the demand from the Rio Grande Valley’s growth.

Strategic Location – Site is within a 15 minute drive to the medical centers, universities, technical schools, shopping, etc., all of which drives significant employment and housing demand. Centrally located this site provides easy access to the north, south, east, and west.

Expanding Market – Within 1-1/2 hour drive to the new “Star Base City”, the South Texas home to Elon Musk’s “SPACE X” rocket company driving major growth throughout the Rio Grande Valley.