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    256 Tbd Loop Palestine, TX 75801

    For Sale
    $2,750,000

    7.77 Acres, High-Traffic Location

    Property size:
    338,286 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional 7.77-acre commercial land parcel presents a rare opportunity in Palestine, Texas. Strategically located between the Hampton Inn & Suites and a Toyota dealership, with Lowe's directly across the street, this property boasts unparalleled visibility and accessibility. The substantial 338,286 square foot lot offers immense potential for a wide range of commercial developments. Imagine the possibilities: a vibrant retail center, a modern apartment complex, or any other commercial venture you envision. The high-traffic area ensures significant exposure to a large customer base, making this an ideal investment for entrepreneurs and developers seeking a prime location with exceptional growth potential. The property's size and location provide ample space for expansive projects, allowing for creative design and efficient layout. This is a blank canvas ready for your vision, offering a unique chance to establish a thriving commercial presence in a rapidly developing area of Palestine. Don't miss this exceptional opportunity to acquire a highly desirable commercial property in a thriving location. The asking price is $2,750,000. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 256 Tbd Loop

    General Information

    Property type
    Other commercial real estate
    Square Feet
    338,286 SF
    Lot Size
    338,461 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.60656
    Latitude
    31.75838

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    FAQs

    What type of property is this?
    Commercial real estate - 7.77 Acres, High-Traffic Location
    Where is this commercial real estate located?
    The property is located at 256 Tbd Loop Palestine, TX.
    What is the asking price?
    The asking price for this property is $2,750,000.
    (254) 562-7899
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    256 Tbd Loop 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
    256 Tbd Loop Palestine, TX 75801
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