9688 State Highway 294 Palestine, TX 75801
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.
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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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.