0 Willow Creek Pkwy Palestine, TX 75801
This exceptional 1.5-acre parcel of land, zoned I-1 (Industrial), is ideally situated on Willow Creek Parkway in Palestine, Texas, zip code 75801. Located within Palestine's thriving Medical District, this property offers unparalleled convenience and synergy with existing medical facilities. The site enjoys easy access to Loop 256, providing excellent connectivity to the wider region. Nearby amenities include the Palestine Regional Medical Center, Walmart Supercenter, Lowe's Home Improvement, numerous shopping centers, banks, and various local businesses. This location offers a strategic advantage for businesses seeking a presence in a growing area with established infrastructure and a strong local economy. The property's I-1 zoning allows for a variety of industrial and office uses, making it suitable for a wide range of development projects. Note that an adjacent 9.5-acre parcel is also available for purchase, presenting an opportunity to acquire a combined total of approximately 11 acres. This property is situated in an Opportunity Zone, potentially offering significant tax advantages. Contact us for pricing information.
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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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.