0 1.5Acres Fawn Dr Palestine, TX 75801
This exceptional 1.5-acre commercial lot is situated in the desirable Deerwood Park neighborhood of Palestine, Texas, offering a unique blend of rural tranquility and urban accessibility. Located on Fawn Drive, this wooded corner lot (Block 2, Lot 23) presents a prime opportunity for commercial development. The property boasts a peaceful country setting while remaining conveniently located less than five minutes from the city limits, providing easy access to amenities and services. The established neighborhood features mostly brick homes on spacious lots, ensuring a high-quality surrounding environment. While mobile homes are restricted, building restrictions are in place to maintain the aesthetic appeal and property values within the community. Priced affordably at $15,000, this 1.5-acre parcel in Anderson County, zip code 75801, presents a compelling investment opportunity for discerning buyers seeking a strategic location with significant development potential. The property's coordinates are 31.7182172 latitude and -95.6297004 longitude. A virtual tour is available online.
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.