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    201 Ragland St Palestine, TX 75803

    For Sale
    $249,900

    Versatile 5,508 sq ft building on 1.14 acres

    Property size:
    5,508 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 5,508 square foot building, situated on a spacious 1.14-acre lot in Palestine, Texas, presents a unique investment opportunity. Previously utilized as a church, the property offers significant potential for diverse commercial or residential redevelopment. The zoning designation, UR Urban Residential, allows for a range of uses, including daycare centers, senior living facilities, multi-family dwellings, or other residential projects. The expansive lot provides ample space for additional development, such as a community playground, further enhancing its appeal. All utilities are conveniently located on-site, simplifying the development process. Strategically located just a short distance from State Highway 155 and north of Loop 256, this property enjoys excellent visibility and accessibility. The property's size and zoning flexibility make it an ideal canvas for a variety of projects. An adjacent lot, featuring an office or warehouse building with the same UR Urban Residential zoning, is also available for purchase separately, presenting an opportunity for expansion or a synergistic investment. This combined offering presents a rare chance to acquire significant acreage in a desirable location with considerable development potential. The existing building's substantial square footage provides a solid foundation for immediate use or renovation, while the ample land allows for future expansion or the addition of complementary structures.

    Property Features for 201 Ragland St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,508 SF
    Lot Size
    49,658 SF

    Building Details

    Year Built
    2002
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Church of Glad Tidings Association / Organization

    Suggested Use

    Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy Wholesale Shop Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.61703
    Latitude
    31.7871

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile 5,508 sq ft building on 1.14 acres
    Where is this commercial real estate located?
    The property is located at 201 Ragland St Palestine, TX.
    What is the asking price?
    The asking price for this property is $249,900.
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    201 Ragland St Palestine, TX 75803
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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
    201 Ragland St Palestine, TX 75803
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