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    3500 Tx-256 Loop Palestine, TX 75803

    For Sale
    $650,000

    High-visibility corner lot, ideal for commercial development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 5.55-acre commercial land parcel presents a unique investment opportunity in Palestine, Texas. Strategically located on the corner of TX-256 Loop and Anderson County Road, this property boasts unparalleled visibility with 668 feet of frontage on Loop 256 and over 820 feet of frontage on Anderson County Road. The high-traffic location makes it perfect for a variety of commercial ventures, including office buildings or retail establishments. The asking price is $650,000, translating to a land value of $2.69 per square foot. The property's APN is R0067564. Its Highway Commercial (HC) zoning designation ensures flexibility for a wide range of development plans. This prime location in Anderson County, Texas, offers easy access to major transportation routes and a thriving local community. The 75803 zip code further underscores its convenient location within Palestine. Don't miss this chance to acquire a highly visible and versatile commercial property in a rapidly growing area. This property is ready for your vision and offers significant potential for return on investment.

    Property Features for 3500 Tx-256 Loop

    General Information

    Property type
    Land
    Lot Size
    241,758 SF

    HighLights

    • $650,000 asking price.
    • 5.55‑acre land parcel.
    • $2.69/SF land value.
    • Anderson County, Texas APN: R0067564.
    • High‑visibility corner lot on Loop 256 in Palestine, TX (75803).
    • 668' of frontage on Loop 256 and over 820' of frontage on Anderson County Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.6443894
    Latitude
    31.7792364

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    FAQs

    What type of property is this?
    Land - High-visibility corner lot, ideal for commercial development.
    Where is this land located?
    The property is located at 3500 Tx-256 Loop Palestine, TX.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: $650,000 asking price.; 5.55-acre land parcel.; $2.69/SF land value.
    Request Owner's contact information
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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
    3500 Tx-256 Loop Palestine, TX 75803
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