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    1.5Acres Fawn Dr Palestine, TX 75801

    For Sale
    Contact for pricing

    Wooded corner lot, country feel, city convenience.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 1.5-acre commercial lot is situated in the desirable Deerwood Park neighborhood of Palestine, Texas, offering a unique blend of rural tranquility and urban accessibility. Located on Fawn Drive, this wooded corner lot (Block 2, Lot 23) presents a prime opportunity for commercial development. The property boasts a peaceful country setting while remaining conveniently located less than five minutes from the city limits, providing easy access to amenities and services. The established neighborhood features mostly brick homes on spacious lots, ensuring a high-quality surrounding environment. While mobile homes are restricted, building restrictions are in place to maintain the aesthetic appeal and property values within the community. Priced affordably at $15,000, this 1.5-acre parcel in Anderson County, zip code 75801, presents a compelling investment opportunity for discerning buyers seeking a strategic location with significant development potential. The property's coordinates are 31.7182172 latitude and -95.6297004 longitude. A virtual tour is available online.

    Property Features for 0 1.5Acres Fawn Dr

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • 15‑acre land parcel in Palestine, TX, ideal for development.
    • Zoned for commercial use, offering flexibility for various businesses.
    • Excellent visibility and accessibility from a major roadway.
    • Utilities readily available at the site, simplifying development.
    • Prime location with strong potential for high returns.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.6297004
    Latitude
    31.7182172

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    FAQs

    What type of property is this?
    Land - Wooded corner lot, country feel, city convenience.
    Where is this land located?
    The property is located at 1.5Acres Fawn Dr Palestine, TX.
    What is the asking price?
    The asking price for this property is $15,000.
    What are key features of this property?
    This property features: 15-acre land parcel in Palestine, TX, ideal for development.; Zoned for commercial use, offering flexibility for various businesses.; Excellent visibility and accessibility from a major roadway.
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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
    1.5Acres Fawn Dr Palestine, TX 75801
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