Vacant Land for Sale
Catylist Listing ID: 30604416
Property Subtypes: Industrial, Multi-Family, Other
Gross Land Area: 62 Acres
Sale Price: $700,000
Unit Price: $11,290 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/29/2022

Overview / Comments

This is a great Commercial property located right on Loop 256 is a very popular area of town that is growing quickly. With 350' of frontage on Loop 256 and over 18,000 cars passing by daily this is a great location. The 12 acres has approximately 4 good flat acres available for immediate use, the remaining 8 acres can be used for the dirt to help level out more acreage and direct surface drainage to the creek in the back. The total property is 62 acres, we are listing an additional adjoining 30 acres priced for Multi-Family Use and an additional adjoining 20 acres priced for Residential use. See attached photos for details. This property is zoned I-2 General Industrial so it could be used for just about any type of business including Industrial Warehousing, Industrial Park, Office Warehousing, etc. Check with the city for verification of your business plans.

Attachments & Media

Additional Details

Nearest MSA: Palestine
County: Anderson
Taxing Authority: ANDERSON COUNTY
Property Located Between: South of HWY 79 on Loop 256 Palestine
Property Visibility: Excellent
Legal Description: 12 acres out of Jordan Joseph, BL 1213, TR6C1 & 7 30 ac out of Jordan Joseph, BL 1213, TR6C1, 7 &11 20 ac out of Jordan Joseph, BL 1213, TR 11
Largest Nearby Street: HWY 256 Frontage
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,232 18,085 20,521
Median Age: 34.29 33.93 34.71
Households: 859 6,736 7,682


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