This exceptional 0.105-acre commercial land parcel presents a unique investment opportunity in the thriving city of Palestine, Texas. Located in Anderson County, this unimproved wooded lot is conveniently situated just minutes from the historic Courthouse Square and Loop 256, offering easy access to major roadways and the city's vibrant amenities. The property, identified as Reagan Block F Lot 1A, is situated at Lot 1A E Murchison, Palestine, TX 75801 (31.7666249, -95.6296198). Its prime location makes it ideal for a variety of commercial ventures. Prospective buyers are responsible for verifying the availability of utilities such as water, sewer, electricity, and gas. Additionally, it is the buyer's responsibility to confirm compliance with all applicable city codes, zoning regulations, and any potential restrictions that may pertain to the property's intended use. This presents a blank canvas for development, allowing for the creation of a tailored commercial space to meet specific business needs. Seize this chance to acquire a strategically positioned lot in a growing Texas community. The asking price for this exceptional property is $8,500.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.