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Property profile & analytics
OFF-MARKET
Land

0 1.5Acres Fawn Dr Palestine, TX 75801

1.5 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 1.5 ac (65,340 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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