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Mixed-Use Property with Additional Land
New
For Sale
$420,000

706 N Perry St Unit 1, Palestine, TX 75801

Multi-suite commercial property with an adjoining parcel suited to expansion or storage use.

Property Size9,816 SF
Price / SF$42.79
Days on Market2

Property Features for 706 N Perry St Unit 1

General Information

Standard status Active
Size 9,816 SF

Building Details

Year Built 1962
Tenancy Multi
Listing Agency: Staples Commercial Group, LLC
Listed By: Ray Ver Hey · License #0498681
Source: Heritance
Added: Sep 22 Last Checked: Sep 22 at 1:36PM

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 Staples Commercial Group, LLC

Investment Insights

Based on property information with market context.

This 9,816-square-foot mixed-use property, built in 1962, is configured for multiple commercial and community-oriented occupancies. The layout includes a 3,100-square-foot flower shop, a 1,700-square-foot second-hand shop, and a church area. The Dish Satellite space totals 5,016 square feet, with approximately 4,200 square feet heated and air conditioned, and is expected to become vacant upon sale.

The property includes adjoining land measuring 0.33 acres. That additional area can support an add-on retail or warehouse expansion or function as storage yard space. Located at 706 N Perry St Unit 1 in Palestine, Texas, the property offers a combination of existing building area and additional land within one commercial holding.

Key Highlights

  • 9,816‑square‑foot mixed‑use property built in 1962
  • Adjoining 0.33‑acre parcel included
  • 5,016‑square‑foot Dish Satellite space with approximately 4,200 square feet heated and air conditioned

Property Analytics

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Current Use

Satellite Source, LLC Telecommunications Service Arabella's Floral Design (Bike/Boat/Book/etc) Store Appliance Parts & Service Big Box & Wholesale Store

Suggested Use

Top Pick Building Supply HVAC Service (Bike/Boat/Book/etc) Store Pharmacy Skin Care Clinic Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

831
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Multi-suite commercial property with an adjoining parcel suited to expansion or storage use.
Where is this mixed-use property located?
The property is located at 706 N Perry St Unit 1 Palestine, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 9,816‑square‑foot mixed‑use property built in 1962; Adjoining 0.33‑acre parcel included; 5,016‑square‑foot Dish Satellite space with approximately 4,200 square feet heated and air conditioned
More about this property
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