Current Use by Public Records
- Land
Property Details
- Lot size
- 16.13 lot acres
- Property type
- Land
Description
This exceptional 16.13-acre commercial land parcel presents a unique investment opportunity in Palestine, Texas. Strategically located with frontage on North Jackson, Queen, and Maffitt Streets, this property enjoys high visibility and accessibility, situated near Loop 256, a major thoroughfare ensuring significant traffic flow. The land is primarily wooded, with some areas cleared, and features remnants of old fencing. Currently zoned for commercial use, this property offers considerable development potential for a variety of businesses. The lot comprises approximately 16.13 acres, as detailed in Abstract 527 (Daniel McKinzie) Blk 1258, encompassing Tract 9A (1.24 acres), Tract 10 (1.53 acres), and Tract 12 (13.36 acres), documented in Volume 1760, Pages 667 and 669. It's important to note that the mineral rights are reserved by the seller. This prime location, combined with its size and commercial zoning, makes this property an attractive proposition for investors seeking a high-impact development site in a thriving Texas community. The asking price is $189,500. This is a rare opportunity to acquire a substantial commercial land holding in a high-traffic area of Palestine.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palestine
- County
- Anderson
- State
- Texas
- Longitude
- -95.6483
- Latitude
- 31.7797
