COMMERCIAL BLDG & LAND / PALESTINE, TX

Retail-Commercial for Sale
Catylist Listing ID: 30775657
Property Subtypes: Free-Standing Building, Parking Facility, Retail-Pad, Street Retail
Building Size (RSF): 10,952 SF
Gross Building Area: See Agent
Sale Price: $425,000
Unit Price: $38.81 PSF
Property Use Type: Investment
Sale Terms: Undisclosed, Other
Cap Rate: Undisclosed
Last Updated: 1/28/2022

Overview / Comments

This is a great opportunity for a large warehouse building with lots of frontage on HWY 79, currently used as a Used Car Lot with repair shop. Previously used as a VFW Hall so it still has the bar and large kitchen facilities in it. It has a lot of potential to be used for just about anything, it's Industrial zoned, has railroad in the rear of property so access may be a possibility and lots acreage that could still be cleared filled in for use. Owner has an Appraisal from January 2019 of $475K Also has a tenant renting off to one side of the property with a portable building for small nursery sales. Come check this one out before it's gone!

Additional Details

Nearest MSA: Palestine
County: Anderson
Tax ID/APN: R0046071
Retail Clientele: Business
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1979
Construction/Siding: Metal Siding

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,718 11,579 20,521
Median Age: 35.67 34.06 34.71
Households: 1,013 4,171 7,682

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