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    508 W Main St Palestine, TX 75801

    For Sale
    $240,000

    Business - Palestine, TX

    Type:Business
    Lot size:
    0.12 Acres
    Days on Market:
    129
    Last Refresh:
    Dec 10 at 1:06 am

    Property Features for 508 W Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    R34661
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Flooring type
    Concrete
    Building materials
    Brick
    Architectural style
    Other

    Landmark Realty (903) 729-4000

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

    Listing date Aug 4, 2025

    MLS# 21022016 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Palestine Commercial Opportunity

    Located in the heart of Downtown Palestine, this commercial opportunity features two connected buildings constructed in 1905. The combined space offers approximately 13,100 square feet. The property provides frontage on both W. Main and Spring Street. It includes four potential storefronts and four rollup doors. The interior features concrete floors and ample shop lighting. The layout provides a flexible mix of open showroom or warehouse space and private offices or rooms. This property is suitable for retail, warehouse, studio, or investment purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    FLOWERS THRIFT STORE 50000341, Flowers By Pat, Kroger Floral, Always in Bloom

    Location Insight

    • Map
    • Local Demand
    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.636056
    Latitude
    31.76195

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    FAQs

    What type of property is this?
    Storefront property - Two connected commercial buildings in the heart of Downtown Palestine.
    Where is this storefront property located?
    The property is located at 508 W Main St Palestine, TX.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: - Prime Downtown Palestine Location: High visibility on W. Main and Spring Street.; - Substantial Space: Approximately 13,100 SF of versatile space.; - Historic Character: Buildings constructed in 1905, offering unique architectural details.
    (903) 729-4000
    Request Owner's contact information
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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
    508 W Main St Palestine, TX 75801
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