Property summary
This exceptional 3.9-acre commercial land parcel, located at 409 E Palestine in Palestine, Texas (zip code 75801), presents a remarkable investment opportunity. Situated at the busy intersection of Highway 155 and Highway 79, this property boasts over 10,500 vehicles passing daily, ensuring high visibility and accessibility for any commercial venture. The land is zoned for commercial use and is priced at $599,000, translating to $153,590 per acre. While the sale includes an existing beauty salon building, its current income stream is not factored into the asking price. Suggested site plans are available for review. The property's legal description encompasses Original Block 93 N1/2, Lots 8A, 8B, 9A, 9B, 9C, 10, 17B, 18A, 18B, and 19, and its APN is 34174|2, 34174|1, 34187|1, 67088|1, 34187|2, 34175|2, 34186|1, 34175|1, 34186|2, 67088|2. The property is listed at $3.53 per square foot and offers free-standing signage opportunities. Total expenses are $3,785. The property was listed on July 1st, 2024. This prime location is perfect for a convenience store, gas station, retail center, fast-food restaurant, or similar commercial development.
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