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Property profile & analytics
OFF-MARKET
Land

00 Palestine Ave Palestine, TX 75801

43.53 ac lot
Property ID
Property summary
AI-generated overview

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 Please note that an updated survey is required to satisfy title company requirements, as the existing survey is outdated.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.

Property profile
Verified
Property type Land
Lot 43.53 ac (1,896,341 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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