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    513 Old Elkhart Rd Palestine, TX 75801

    For Sale
    $800,000

    Commercial Sale - PALESTINE, TX

    Property size:
    3,330 SF
    Lot size:
    0.33 Acres
    Days on Market:
    324
    Last Refresh:
    Dec 9 at 11:06 pm

    Property Features for 513 Old Elkhart Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    R66255
    Exterior features
    Fence
    Fencing
    Fenced
    Size
    3,330 SF
    Lot size
    0.33 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric, Multi Units

    Building Details

    Year built
    1985
    Building materials
    Brick, Brick Veneer
    Roof type
    Other
    Architectural style
    Other

    Pineywoods Real Estate (903) 391-0736 [email protected]

    Listing agent Krispen Rucker, GRI (903) 480-0760

    Listing date Jan 20, 2025

    MLS# 100777 Listing URL

    Copyright © 2025 Palestine 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

    Fully Occupied Palestine Strip Center

    This fully occupied strip shopping center is available for sale. The property includes a laundromat business and prime real estate situated in a high-traffic area with great visibility, adjacent to Walmart. The property spans nearly 0.5 acres and features over 3,300 square feet of rentable space, divided into 4 individual tenant suites. Current tenants are well-established and have a strong local customer base. All suites have large storefront windows suitable for showcasing inventory or products. Convenient on-site parking is available for customers and staff. The equipment and inventory for the laundromat are included in the sale. The property is located in Palestine, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    African Caribean Middle ... Grocery Store East Texas Beef ... Meat Products Store Ready Cash Loan Agency Texas Discount Insurance ... Insurance Agency Farmers Insurance - Paige ... Insurance Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.6137789
    Latitude
    31.7362662

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    FAQs

    What type of property is this?
    Strip mall - Thriving laundromat business with prime real estate for sale.
    Where is this strip mall located?
    The property is located at 513 Old Elkhart Rd Palestine, TX.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: - Fully occupied strip shopping center with laundromat business included.; - Prime real estate location in a high-traffic area adjacent to Walmart.; - Approximately .5 acre with over 3,300 SF of rentable space divided into 4 suites.
    (903) 480-0760
    Request Owner's contact information
    513 Old Elkhart Rd Palestine, TX 75801
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    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
    513 Old Elkhart Rd Palestine, TX 75801
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