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    300 Medical Dr Palestine, TX 75801

    For Sale
    Contact for pricing

    Prime 16-acre commercial tract in Palestine, TX.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 16-acre property presents a unique investment opportunity in the thriving city of Palestine, Texas. Zoned for commercial use, this expansive land parcel offers significant potential for a variety of development projects. Its strategic location within the Palestine medical district provides convenient access to essential amenities, including the Palestine Regional Medical Center, Walmart Supercenter, Lowe's Home Improvement, numerous shopping centers, banks, and a variety of local businesses. The property's address is 300 Medical Dr, Palestine, TX 75801, situated in Anderson County. Its convenient location ensures easy access to major roadways and thoroughfares, enhancing its appeal for businesses seeking high visibility and accessibility. The property's versatility extends beyond commercial applications

    Property Features for 300 Medical Dr

    General Information

    Property type
    Agricultural land
    Lot Size
    696,960 SF

    HighLights

    • 16‑acre commercial lot in Palestine, TX's medical district.
    • Convenient access to Palestine Regional Medical Center, major retailers, and other amenities.
    • Located at 300 Medical Dr, Palestine, TX 75801, in Anderson County.
    • Excellent visibility and accessibility due to proximity to major roadways.
    • Versatile property suitable for various commercial developments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.6293169
    Latitude
    31.7310569

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    FAQs

    What type of property is this?
    Agricultural land - Prime 16-acre commercial tract in Palestine, TX.
    Where is this agricultural land located?
    The property is located at 300 Medical Dr Palestine, TX.
    What are key features of this property?
    This property features: 16-acre commercial lot in Palestine, TX's medical district.; Convenient access to Palestine Regional Medical Center, major retailers, and other amenities.; Located at 300 Medical Dr, Palestine, TX 75801, in Anderson County.
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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
    300 Medical Dr Palestine, TX 75801
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