Multi-Office Property with
For Sale
$470,000
133 E Reagan St, Palestine, TX 75801
Six-office commercial/residential property is under a 10-year State lease, with solar panels paid in full.
Property SizeContact for details
Lot Size0.65 Acres
Days on Market80
Property Features for 133 E Reagan St
General Information
Standard status
Active
Lot size
0.65 Acres
Zoning
Commercial/Residential
Additional Details
Business Included
Yes
Office Units
6
Taxes and HOA fees
Annual Taxes
$6,576
Listing Agency:
Quality Choice Solutions, LLC
(903) 316-1525
Listed By:
Dawn Frazier · License #0752162
(903) 316-1525
Source:
Exprealty
Added: Jun 5
Changed: Aug 22
Last Checked: Aug 23 at 7:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Quality Choice Solutions, LLC
Investment Insights
Based on property information with market context.
This double-lot property is zoned Commercial/Residential and includes office space configured as 6 offices plus a break room. Solar panels are installed and reported as paid in full, adding an additional operational feature for an owner or tenant seeking energy-minded improvements.
Located at 133 E Reagan St in Palestine, Texas, the property sits about two blocks from the historic district, offering a compact, walkable setting for professional uses. The offering is for the double lot configuration as presented.
The property is currently under a 10-year lease with the State, with a 2% flat increase rate per year. For buyers or brokers evaluating a leased office asset, this structure can be a straightforward option when assessing long-term occupancy and scheduled increases. Please contact your preferred agent to discuss terms and the cap rate as part of the sale process. Note that 72 hours’ notice is required for all showings.
Located at 133 E Reagan St in Palestine, Texas, the property sits about two blocks from the historic district, offering a compact, walkable setting for professional uses. The offering is for the double lot configuration as presented.
The property is currently under a 10-year lease with the State, with a 2% flat increase rate per year. For buyers or brokers evaluating a leased office asset, this structure can be a straightforward option when assessing long-term occupancy and scheduled increases. Please contact your preferred agent to discuss terms and the cap rate as part of the sale process. Note that 72 hours’ notice is required for all showings.
Key Highlights
- 0.6499‑acre double lot property located two blocks from the historic district of Palestine, Texas
- 6‑office commercial/residential building with a break room
- Currently under a 10‑year lease with the State
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
Explore this area
Business Placement
Demographics for 75801, TX
16,859
Population
7,259
Households
2.3
Avg Household Size
39
Median Age
21%
College-Educated
91%
High-School Grad
188.6 sq mi
ZIP Area
89
Density / Sq Mi
$53,485
Median Household Income
$34,247
Median Earnings
$1,003
Median Rent
$163,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Six-office commercial/residential property is under a 10-year State lease, with solar panels paid in full.
Where is this office units located?
The property is located at 133 E Reagan St Palestine, TX.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: 0.6499‑acre double lot property located two blocks from the historic district of Palestine, Texas; 6‑office commercial/residential building with a break room; Currently under a 10‑year lease with the State
