8815 W MILE 3 ROAD, PENITAS, TX 78576
Homes for sale in Penitas.
Homes for sale in 78576.
List Price$550,000
8815 W Mile 3 Road
Penitas, TX 78576
Listing #507209
5,620
Square Feet
Commercial
Type
About This Property
Exceptional commercial opportunity in Peñitas, Texas! Situated on 1 acre, this established event center offers approximately 5,620 square feet of usable space, including a 4,168-square-foot main building designed to accommodate a variety of events. The venue features a spacious reception area, dedicated space for a band/DJ, a kitchen for food prep and catering needs, restrooms, and a versatile room that can serve as a dressing suite, bridal suite, office, or storage space. Decorative ceiling drapery and LED accent lighting create an inviting atmosphere, while wall-mounted air conditioning units help keep guests comfortable. The outside features mature trees, ample parking, and an outdoor patio complete with a fireplace. A camera system is also included, providing added security. The sale will convey with the existing tables and chairs, offering a turnkey opportunity for the next owner. This commercial property has tremendous potential and is ready for its next owner.
Property Features
Location Information
County
Hidalgo
Directions
The property is on Mile 3/Buddy Owens just west of Iowa Rd. If coming from the expressway: Head west on Highway US-83. Take exit 131 toward FM-492/Goodwin Rd. Turn right onto FM-492. Turn left onto W Mile 3. The destination is on your left.
Subdivision
Lantana
Interior Features
Heating
Space Heater
Appliances
Electric Water Heater
Floors
Concrete
Exterior Features
Construction
Stucco
Patio / Deck Description
Covered Patio
Exterior
Storage, BBQ Pit/Grill, Manual Gate, Mature Trees
Lot Description
See Remarks
Roof
Metal
Lot Size in Acres
1.005
Possession
Closing and Funding
Lot Size in Sq. Ft.
43,758
Security Features
Security System
Present Use
Other
Parking Description
Dirt
Zoning
CO
Has Garage
Yes
Building Total Area (Sq. Ft.)
1,452
Garage Spaces
50
Energy Features
Thermostat
Parking Spaces
50
Road Frontage
City Street
Additional Information
Property Type
COM
Units in Complex
1
Property SubType
Commercial
Taxes
3979
Year Built
2013
Tax Year
2025
APN
L285500000000400
Square Feet Source
HidalgoCAD
Status
Active
Similar Listings
Mortgage Calculator
$2,567
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,981
Monthly Tax
$458
Monthly Insurance
$128
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Courtesy of: Mirelle Acuna
The Firm Real Estate Co. Llc
© 2026 Greater McAllen Association of REALTORS®. All rights reserved.
IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Greater McAllen Association of REALTORS®. The listing broker?s offer of compensation is made only to participants of the MLS where the listing is filed.
GMAR(McAllen) data last updated at June 15, 2026, 6:06 PM CT
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