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    1230 Fm 315 Palestine, TX 75803

    Under Contract
    For Sale
    $585,000

    Business - Palestine, TX

    Type:Business
    Lot size:
    4.67 Acres
    Days on Market:
    93
    Last Refresh:
    Dec 10 at 11:06 am

    Property Features for 1230 Fm 315

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active Under Contract
    APN
    R33664
    Parking features
    Carport
    Lot size
    4.67 Acres

    Utilities

    Heating system
    Other (Heating)

    Building Details

    Year built
    1977
    Flooring type
    Other
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    United Country Lake Palestine (903) 876-1051

    Listing agent Dana Staples (903) 266-2900 License #0546841

    Listing date Sep 9, 2025

    MLS# 20137536 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

    Commercial Land on High-Traffic Highway

    This commercial property encompasses 4.666 acres, primarily situated within Palestine city limits. It features approximately 490 feet of frontage on State Highway 155, with an equivalent frontage on FM 315. The location is characterized by high traffic volume and is positioned across the highway from a Family Dollar store, a Texas Farm Bureau office, and a Mahindra dealer. It is also located caddy-corner to an Exxon gas and convenience store and just north of a Chrysler, Dodge, Jeep dealership. The property is suitable for various commercial ventures, including another convenience store, a general merchandise store, or a neighborhood grocery store.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Auto Parts Store 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
    -95.61853
    Latitude
    31.793319

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    FAQs

    What type of property is this?
    Commercial land - 4.666 acres of prime commercial property on State Hwy 155.
    Where is this commercial land located?
    The property is located at 1230 Fm 315 Palestine, TX.
    What is the asking price?
    The asking price for this property is $585,000.
    What are key features of this property?
    This property features: - Prime commercial property with **high traffic location on State Hwy 155**; - Total of 4.666 acres, mostly inside Palestine city limits; - Approximately 490' of frontage on both State Hwy 155 and FM 315
    (903) 266-2900
    Request Owner's contact information
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    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
    1230 Fm 315 Palestine, TX 75803
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