PALESTINE TX COMMERCIAL OR RESIDENTIAL ACREAGE FOR SALE
Vacant Land
for Sale
| Catylist Listing ID: |
30702075 |
| Property Subtypes: |
Industrial, Multi-Family, Office, Retail-Pad, Other
|
| Gross Land Area: |
20.55 Acres
|
| Sale Price: |
$200,000 |
| Unit Price: |
$9,732 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/1/2021 |
Overview / Comments
|
Great East TX COMMERCIAL and/or RESIDENTIAL acreage for sale! The undeveloped acreage is located inside the city limits on the main Loop 256 around the city of Palestine, with quick access to everything the city has to offer. The bulk of this listing - Tract 11 - is approximately 20 acres and is on the south side (inside) of Loop 256 with road frontage of 275' on Loop 256 and N. Link St. has almost 1,300' of frontage, but the sale does not include the corner lot. The smallest portion of this listing - Tract 11C - is on the north side (outside) of Loop 256. See the Anderson county plat for location of both tracts. The smaller portion of Tract 11 that fronts S side of Loop 256 is zoned commercial; the rest is zoned residential. See associated docs for locations of water/sewer lines. Would be great for a subdivision, senior/over 65 community or multi-family development. Buyer could also petition the city of Palestine for rezoning if desired to potentially make the whole parcel retail/commercial. Great location with tremendous possibilities at a reasonable price!
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Additional Details
| Nearest MSA: |
Palestine |
| County: |
Anderson |
| Taxing Authority: |
Anderson County |
| Tax ID/APN: |
R0844597 & R0068192 |
| Zoning: |
C-3, C-2 |
| Property Located Between: |
Loop 256 & Link Street |
| Property Visibility: |
Excellent |
| Legal Description: |
Tracts 11 & 11C, Block 860, A0065 Wells,Samuel G |
| Largest Nearby Street: |
Loop 256 |
| Feet of Frontage: |
278 |
| Traffic/Vehicle Count: |
10,000 |
| Highway Access: |
Loop 256 frontage |
| Site Description: |
20.55 acres, wooded, level & sloped, inside Loop 256 with loop frontage |
| Area Description: |
Inside Loop 256 with Loop frontage |
| Zoning Description: |
Large 20 acres tract is C-3 and R-2 Small 2 acre tract is C-2 |
| Topography: |
Level |
| Available Utilities: |
Electric, Water, Sewer, Other |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,104 |
15,543 |
20,910 |
| Median Age: |
33.01 |
33.87 |
35.33 |
| Households: |
1,105 |
5,784 |
7,883 |
|
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