201 Ragland St Palestine, TX 75803

This exceptional 5,508 square foot building, situated on a spacious 1.14-acre lot in Palestine, Texas, presents a unique investment opportunity. Previously utilized as a church, the property offers significant potential for diverse commercial or residential redevelopment. The zoning designation, UR Urban Residential, allows for a range of uses, including daycare centers, senior living facilities, multi-family dwellings, or other residential projects. The expansive lot provides ample space for additional development, such as a community playground, further enhancing its appeal. All utilities are conveniently located on-site, simplifying the development process. Strategically located just a short distance from State Highway 155 and north of Loop 256, this property enjoys excellent visibility and accessibility. The property's size and zoning flexibility make it an ideal canvas for a variety of projects. An adjacent lot, featuring an office or warehouse building with the same UR Urban Residential zoning, is also available for purchase separately, presenting an opportunity for expansion or a synergistic investment. This combined offering presents a rare chance to acquire significant acreage in a desirable location with considerable development potential. The existing building's substantial square footage provides a solid foundation for immediate use or renovation, while the ample land allows for future expansion or the addition of complementary structures.