600 Turner Dr, Palestine, TX 75803
This exceptional mixed-use property at 600 Turner Dr, Palestine, TX 75803, presents a compelling redevelopment opportunity. The 0.798-acre lot features two buildings totaling 4,800 square feet. The main building offers a warehouse area with two high garage doors, currently clean and functional. The office area requires roof repairs and interior remodeling. A separate 1,800 square foot storage building includes five 12'x30' units. Some entry doors need repair or replacement. The property is zoned UR-Urban Residential, permitting specific commercial uses (see provided zoning documents). Currently utilizing a conventional septic system, a city sewer connection cost estimate is available from the seller. This property's potential is further enhanced by the availability of an additional 1.179 acres (separate listing). The property's previous use was commercial, but current zoning necessitates a residential-oriented approach. This is an excellent chance to acquire a versatile property in a desirable location, ready for your vision and investment. The Anderson County location and the property's size make it ideal for a variety of uses, subject to local zoning regulations. The APN is 18063. The asking price is $150,000.
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
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Property description
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