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    3323 Tx 256 Loop Palestine, TX 75801

    For Sale
    $250,000

    1.75 Acres, High Traffic, C-4 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 1.75-acre commercial land parcel in Palestine, Texas, presents a remarkable investment opportunity. Located at 3323 TX 256 Loop, this property boasts a highly desirable C-4 zoning designation, making it suitable for a variety of retail, medical, or office uses. The strategic location within Palestine's Medical and Business District ensures high visibility and accessibility. With over 18,000 vehicles passing daily, this site offers unparalleled exposure for any business. The property features 395 feet of frontage on Gillespie Road and includes access from Loop 256 via an existing shared driveway, as well as rear access to Gillespie Road. The asking price is $250,000, translating to $142,857 per acre. The Anderson County APN is R0835325. This property's prime location and zoning make it an ideal site for a thriving business. Note that an adjacent 2.94-acre parcel is also available for separate purchase at $525,000. This presents a unique opportunity to acquire a larger footprint in this high-traffic area. Don't miss this chance to secure a prominent location in a growing Texas market.

    Property Features for 3323 Tx 256 Loop

    General Information

    Property type
    Land
    Lot Size
    76,230 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.6342123
    Latitude
    31.7374219

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    FAQs

    What type of property is this?
    Land - 1.75 Acres, High Traffic, C-4 Zoning
    Where is this land located?
    The property is located at 3323 Tx 256 Loop Palestine, TX.
    What is the asking price?
    The asking price for this property is $250,000.
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    3323 Tx 256 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
    3323 Tx 256 Loop Palestine, TX 75801
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