Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30702075
Property Subtypes: Industrial, Multi-Family, Office, Retail-Pad, Other
Status: Pending
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: 9/14/2021

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!

Attachments & Media

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

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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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