00 Palestine Ave Palestine, TX 75801
Exceptional investment opportunity: 43.534 acres of land in Palestine, Texas (75801), situated on North Loop 256. This expansive property offers significant highway frontage and extends onto N. Jackson, Brooklyn Avenue, and Virginia Avenue, providing versatile development potential. The land is located east of Evangelistic Temple Church within city limits, making it convenient and accessible. Potential uses include commercial development, subdivision for residential housing or apartments, or a mixed-use project. Prospective buyers should independently verify current city restrictions (city codes) and zoning requirements with the city of Palestine. Please note that an updated survey is required to satisfy title company requirements, as the existing survey is outdated. The property includes several recorded tracts (R23952, R28661, R28659, R28658, R17717, R17712, R30497) with varying acreages. A seller's disclosure addresses a condemned old city sewer line traversing the property. The seller will not consider dividing the property. Showings are available at any time.
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.