Property summary
This exceptional commercial land offering encompasses two contiguous lots totaling 0.344 acres, ideally situated in the heart of Palestine, Texas. The property boasts a highly desirable location just off the heavily trafficked West Oak Street/Highway 84, ensuring excellent visibility and accessibility. The land is already cleared and level, presenting a significant advantage for immediate development. Its central location within Palestine offers numerous possibilities for a variety of commercial ventures. The lots are described as being part of Texas land company block A1, lots 28 & 29. While no existing survey is available, potential buyers are encouraged to conduct their own due diligence to verify any applicable city building restrictions, zoning regulations, and utility availability. The asking price is $8,500. The potential for expansion exists, with the possibility of acquiring additional adjoining lots should a larger footprint be required. This presents a rare opportunity to secure a prime commercial parcel in a thriving Texas city. Act quickly to capitalize on this exceptional investment prospect.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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- Alternative use
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