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    OFF-MARKET
    Land

    79 Brookhollow Dr, Palestine, TX 75801

    55 ac lot
    Property ID
    Property summary
    AI-generated overview

    Exceptional investment opportunity: 55.009 acres (±) of timberland located in Palestine, Texas, offering a unique blend of city convenience and rural tranquility. This expansive property boasts mature trees and abundant wildlife, creating a serene and private setting. Access is provided via a city residential lot on Brookhollow Lane, leading to the back portion of the tract situated outside city limits. Gum Creek flows through the property, adding to its natural beauty. The county portion of the land is not subject to known building restrictions, presenting numerous possibilities for residential development, recreational activities, or a combination of both. Potential buyers should independently verify the availability, costs, restrictions, and codes associated with utilities; city utilities may be accessible depending on the chosen building site. The legal description encompasses WOODRIDGE ADDITION #2 BLOCK B LOT 10 (approx. 0.8890 acres ±), A0020 EDLEY EWING BLOCK 1188 TRACT 5 & 9 (approx. 17.77 acres ±), and A0020 EDLEY EWING BLOCK 1186 TRACT 4 (approx. 36.35 acres ±), totaling 55.009 acres (±). Asking price: $335,000. Located at Hwy 79 Brookhollow Dr, Palestine, TX 75801.

    Property profile
    Verified
    Property type Land
    Lot 55 ac (2,395,800 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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