3215 Oak St Palestine, TX 75801-8484
This impressive 33,900 square foot commercial building, situated on a 3.342-acre lot with 495 feet of US Highway 79/84 frontage, presents a unique investment opportunity. Currently offering multiple suites ranging from 1,500 to 5,700 square feet of leasable space, with 5,700 square feet currently vacant. The property includes a large former fitness area (approximately 12,000 square feet) and approximately 10,000 square feet of warehouse space featuring 20-foot ceilings and two loading docks. The building, constructed in 1965, is zoned commercial and allows for flexible tenancy, accommodating single or multiple tenants. Some interior spaces are unfinished, providing build-to-suit options for potential tenants. The landlord is open to build-to-suit arrangements. This location boasts excellent visibility and accessibility, with ample parking, making it ideal for a variety of businesses. The property's versatile layout and prime highway location offer significant potential for growth and profitability. Contact for viewing and pricing details.
-
Sikes Jan L Do Physician
-
East Texas Internal Medicine Medical Clinic
-
Tarun Ricardo D MD Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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.