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    Property profile & analytics
    FOR SALE
    Commercial land

    3315 Loop 256 S, Palestine, TX 75801

    2.94 ac lot
    Individually Owned 18-yr Hold Free & Clear
    Property ID
    US82-8607792
    Property summary
    AI-generated overview

    This exceptional 2.9-acre commercial land parcel presents a remarkable opportunity for businesses seeking high visibility and accessibility in Palestine, Texas. Located at 3315 S Loop 256, this property boasts an impressive 268 feet of frontage directly on the busy Loop 256, ensuring significant daily exposure to over 18,000 vehicles. The strategic location places your business in the heart of Palestine's Medical and Business District, providing convenient access to a thriving customer base. The lot offers both front and rear street access, with an existing shared access driveway off Loop 256 and access to Gillespie Road at the rear, enhancing operational efficiency and logistical ease. Zoned C-4, this property is ideal for a wide range of commercial ventures. The asking price is $625,000. Don't miss this chance to establish your presence in a high-traffic, prime commercial location within a dynamic and growing community. This 2.9-acre lot provides ample space for development and significant potential for return on investment. Act quickly – this opportunity won't last.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 2.94 ac (128,110 SF)
    APN R838280
    UPID US82-8607792
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Michael S Gorby · 18 yrs held
    Michael S Gorby
    since 2007
    1 recorded transaction
    2007
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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