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    OFF-MARKET
    Commercial real estate

    600 Turner Dr, Palestine, TX 75803

    4,800 SF 0.8 ac lot
    Property ID
    US82-8298952
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 4,800 SF
    Lot 0.8 ac (34,761 SF)
    APN 18063
    UPID US82-8298952
    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
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    CAP Approach CAP
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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