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    OFF-MARKET
    Churches & religious facilities

    201 Ragland St, Palestine, TX 75803

    5,508 SF 1.14 ac lot Built 2002
    Property ID
    US82-6131247
    Property summary
    AI-generated overview

    This single-story, 5,508-square-foot building, constructed in 2002, sits on a 1.14-acre lot in Palestine, Texas. Previously used as a church, this property offers significant versatility and is zoned for urban residential use, allowing for a range of commercial and residential development opportunities. Potential uses include daycare centers, senior centers, storage facilities, multi-family dwellings, or other residential projects. The ample lot size presents the possibility of creating a community playground. All utilities are readily available. Conveniently located just a few blocks from State Highway 155, north of Loop 256, this property boasts excellent accessibility. The building features 6.72 parking spaces per 1,000 square feet. An adjacent office/warehouse building is also available for sale separately. The asking price is $249,900, with a price per square foot of $46.19. Detailed zoning information and permitted uses are available upon request. This is a unique opportunity to acquire a substantial property with diverse development potential in a desirable location.

    Property profile
    Verified
    Property type Churches & religious facilities
    Year built 2002
    Total area 5,508 SF
    Lot 1.14 ac (49,658 SF)
    UPID US82-6131247
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Church of Glad Tidings Association / Organization
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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