2 RESIDENCES PLUS COMMERCIAL BLDG PALESTINE TEXAS

Retail-Commercial for Sale
Catylist Listing ID: 30321991
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad
Building Size (RSF): 1,200 SF
Gross Building Area: See Agent
Gross Land Area: 0.51 Acres
Sale Price: $323,900
Unit Price: $269.92 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/13/2018

Overview / Comments

Excellent investment opportunity, 3 properties for 1 price! This prime location is on very busy highway in Palestine. Multiple possibilities. Right now the two homes and commercial building are all leased for immediate income to you! The home at 103 7th St. is currently leased as a business. 900 sq ft., it has two bedrooms with original hardwood floors, a kitchen and one bathroom with a carport and large cyclone fenced yard. The house at 101 7th St. has been remodeled and updated with 2 bedrooms, 1 bath and an open living /dining/kitchen area plus a laundry room with 1006 sq. ft.. Is is currently leased as a rental home. Both homes have new metal roofs. The 2002 built, 1200 sq. ft. commercial metal building has an open floor plan, high ceilings and a handicapped accessible bathroom. It is leased as a business. It has a large paved parking lot. Or, this being a half acre, corner, with excellent visibility, could be torn down to build what you need. Call now to see this potential!

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Additional Details

Nearest MSA: Palestine
County: Anderson
Taxing Authority: ANDERSON COUNTY
Tax ID/APN: 6340-00027-00301
Zoning: C-3
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Largest Nearby Street: US Hwy 79
Highway Access: US Hwy 79
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Good
Year Built: 2002
Roof Type: Other
Construction/Siding: Metal/Glass
Parking Type: Surface
Parking Description: Paved parking lot with metal commercial building. Single, attached carport with one residence.
Legal Description: Lipsey, BLK 27, LTS 3A, 3B, 4A & 4B

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,410 18,085 20,521
Median Age: 35.2 33.93 34.71
Households: 1,278 6,736 7,682

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