Technical
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Property profile

9688 State Highway 294 Palestine, TX 75801

OFF-MARKET
Land
3.91 ac lot
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Property summary

AI-generated overview

This exceptional 3.91-acre commercial land parcel in Palestine, Texas, presents a unique investment opportunity. Located at 9688 W State Highway 294, Anderson County, zip code 75801 (31.6617559, -95.7452698), this unrestricted property offers diverse development potential. The land boasts existing infrastructure, including a 30 x 30 foot concrete slab, a water meter already installed, and prior electrical service. The property's versatility allows for various uses, such as mobile homes, tiny homes, single-family residences, or simply a recreational retreat. A recent survey has been completed, and the property lines have been cleared for easy access and viewing. The legal description is AB-59 Simon Sanchez Block 1681, encompassing 3.91 acres from Tract 5A1. Water and electricity are readily available, making this an ideal site for immediate development or future expansion. Priced competitively at $85,000, this property represents a compelling investment in a rapidly growing area. Don't miss this chance to acquire this versatile and well-situated commercial land.

Property profile

Verified
Property type Land
Lot 3.91 ac (170,320 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

9688 State Highway 294 Palestine, TX 75801
Palestine metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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