5030 Salt Works Rd Palestine, TX 75801
This exceptional 53.4-acre commercial land parcel presents a remarkable investment opportunity in Palestine, Texas. Located on Loop 256, this property boasts a highly desirable location with excellent visibility and high traffic counts, making it ideal for a wide range of commercial ventures. The land's versatility allows for diverse development possibilities, including restaurants, strip malls, or office spaces. Its strategic position near a small subdivision further enhances its potential. The property itself features a mix of terrain, including areas of hardwood trees and a lower-lying section with a creek that flows during periods of wet weather. The asking price is $427,200. This substantial acreage offers significant potential for growth and development in a thriving Texas community. The property's address is 5030 Salt Works Road, Palestine, Anderson County, TX 75801. Its prime location and ample size make it an attractive proposition for entrepreneurs and investors seeking to establish a new business or expand existing operations. The property's unique features, including the varied terrain and proximity to residential areas, create a compelling opportunity to develop a successful and thriving commercial project. This is a rare chance to acquire a significant land holding in a high-growth area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
No recorded transactions found for this property.
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.