3315 Loop 256 S, Palestine, TX 75801
For Sale
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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.
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
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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.