3500 Tx-256 Loop, Palestine, TX 75803
This exceptional 5.55-acre commercial land parcel presents a unique investment opportunity in Palestine, Texas. Strategically located on the corner of TX-256 Loop and Anderson County Road, this property boasts unparalleled visibility with 668 feet of frontage on Loop 256 and over 820 feet of frontage on Anderson County Road. The high-traffic location makes it perfect for a variety of commercial ventures, including office buildings or retail establishments. The asking price is $650,000, translating to a land value of $2.69 per square foot. The property's APN is R0067564. Its Highway Commercial (HC) zoning designation ensures flexibility for a wide range of development plans. This prime location in Anderson County, Texas, offers easy access to major transportation routes and a thriving local community. The 75803 zip code further underscores its convenient location within Palestine. Don't miss this chance to acquire a highly visible and versatile commercial property in a rapidly growing area. This property is ready for your vision and offers significant potential for return on investment.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.