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    1819 W Spring St Palestine, TX 75801

    For Sale
    $650,000

    Building - Palestine, TX

    Lot size:
    9.53 Acres
    Days on Market:
    260
    Last Refresh:
    Dec 9 at 9:06 pm

    Property Features for 1819 W Spring St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Parking features
    Off Street
    Lot size
    9.53 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric, Zoned

    Building Details

    Building materials
    Stone
    Architectural style
    Other

    Landmark Realty (903) 948-7140 [email protected]

    Listing agent Christie Scroggins (903) 729-4000 License #0480898

    Listing date Mar 25, 2025

    MLS# 25000879 Listing URL

    Copyright © 2025 Greater Tyler Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Palestine, TX Municipal Auditorium

    Located in Palestine, Texas, at the corner of high-traffic Loop 256 and Spring Street, this property is also situated across from the Department of Public Safety and in close proximity to Texas A&M Forest Service, BARC, and UT Tyler-Palestine. The property features a large municipal auditorium with potential for future uses, accompanied by 9.534 commercial acres suitable for future endeavors. The existing building, constructed in 1981, requires significant maintenance, with the value primarily attributed to the large asphalt parking lot, location, and potential use of the acreage. The building spans approximately 27,833 square feet and features soaring high ceilings, multiple entrances, and walled-off conference, office, and meeting rooms; a floor plan is available. The expansive parking lot provides ample parking for special events, gatherings, and office meetings. This property is being sold through a sealed bid process, with a decision to be made on or after February 28, 2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    Civic Center Civic Center

    Suggested Use

    Restaurant Realty agency Law Firm Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Gym & Fitness Auto Parts Store Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.657428101562
    Latitude
    31.7716495

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    FAQs

    What type of property is this?
    Government property - Large municipal auditorium with commercial acreage and expansive parking.
    Where is this government property located?
    The property is located at 1819 W Spring St Palestine, TX.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - High-traffic location on Loop 256 & Spring Street in Palestine, TX.; - 9.534 commercial acres included for future development.; - **Large asphalt parking lot suitable for events and meetings.**
    (903) 729-4000
    Request Owner's contact information
    1819 W Spring St Palestine, TX 75801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1819 W Spring St Palestine, TX 75801
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