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32399993
32399640

Interstate 2, at North 23rd St., Penitas, TX 78576

Leo B. Womack
Listed by Leo B. Womack
Unpriced
27 days on market
Updated 16 days ago

Prime Development Land

Details
Property Type Land
Sub Type Residential, Commercial (+1)
Acreage 3 - 110

110 acres In a Highly Visible area near IH-2 Bypass off-ramp with strong growth potential

Marketing description

Prime Development Opportunity – City of Penitas, Texas

Positioned directly along the rapidly growing Interstate 2 corridor in western Hidalgo County, these strategically located parcels offer exceptional opportunities for commercial, retail, multifamily, mixed-use, and residential development in one of the Rio Grande Valley’s expanding growth areas.

Property Highlights

    • Immediate visibility and access from Interstate 2
    • Direct proximity to the bypass off-ramp
    • Located within the City of Penitas growth corridor
    • Strong traffic exposure and regional connectivity
    • Utilities available in surrounding areas
    • Flexible parcel sizes for phased development or individual acquisition
    • Near established neighborhoods, schools, churches, and expanding residential growth

Available Parcels

    • 25 Acres – Ideal for neighborhood retail, medical, or multifamily
    • 20 Acres – Excellent commercial or mixed-use tract
    • 28 Acres – Prime frontage opportunity with strong visibility
    • 30 Acres – High-exposure development tract near interchange access

Current Status

    • Sold Parcel reflects active market demand in the area
    • Under Contract Parcel demonstrates continued investor and developer interest

Strategic Location Advantages

The property benefits from:

    • Regional access to McAllen, Mission, and surrounding Hidalgo County markets
    • Rapid residential expansion in western Hidalgo County
    • Growing demand for retail, service, healthcare, hospitality, and housing developments
    • Excellent positioning for long-term appreciation and phased development

Ideal Uses

    • Retail centers
    • Multifamily housing
    • Hospitality
    • Medical and professional offices
    • Convenience and travel services
    • Mixed-use developments
    • Industrial flex or service commercial

Investment Outlook

Penitas continues to experience strong population growth and infrastructure expansion, making this corridor increasingly attractive to developers, investors, and end users seeking visibility, accessibility, and long-term upside.

Disclosure: John A. Womack, Texas Licensed Real Estate Agent, may have a direct or indirect ownership or beneficial interest in certain parcels and/or ownership entities associated with the properties being marketed. This disclosure is made in accordance with applicable Texas Real Estate Commission (TREC) requirements.

City of Penitas, Texas — “Let’s build this together!”

Investment highlights

Investment Opportunity – Interstate 2 Corridor | Penitas, Texas

Strategically located along Interstate 2 and adjacent to the new bypass off-ramp, these development parcels in the City of Penitas offer investors a prime opportunity within one of western Hidalgo County’s fastest-growing corridors.

With excellent visibility, regional access, and surrounding residential growth, the properties are well positioned for commercial, multifamily, mixed-use, hospitality, or long-term land investment strategies.

Available Tracts

• 25 Acres

• 20 Acres

• 28 Acres

• 30 Acres

Investment Highlights

• Direct IH-2 exposure and access

• High-growth corridor in western Hidalgo County

• Strong long-term appreciation potential

• Flexible development opportunities

• Nearby residential and commercial expansion

• Portions already Sold and Under Contract, demonstrating active market demand

As growth from McAllen and Mission continues westward, these parcels provide investors an opportunity to secure strategically positioned land ahead of continued corridor expansion.

Disclosure: John A. Womack, Texas Licensed Real Estate Agent, may have a direct or indirect ownership or beneficial interest in certain parcels and/or ownership entities associated with the properties being marketed. This disclosure is made in accordance with applicable Texas Real Estate Commission (TREC) requirements.

City of Penitas, Texas — “Let’s build this together!”

Listing Contacts

Leo B. Womack
Listed by Leo B. Womack

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