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2800 S Loop 256 7.75 Acres of Commercial Land Offered at $4,923,555 CAD in Palestine, TX 75801
Investment Highlights
- Can divide into smaller lots
Executive Summary
You will not find a larger parcel of land available anywhere closer to the busiest growing area of Palestine than this property. Directly across Loop 256 from Lowes, a quarter mile from the Walmart, half mile to Tractor Supply, Hobby Lobby and the new Academy Sporting Goods store.
This property is a corner location, offers easy access in and out, great visibility, 24,000 cars pass daily, slightly sloping from front to back and 85% cleared of large trees.
Owner is willing to divide the frontage area and offer smaller acre tracts.
Lot-B, 1.5 acres $1.5m
Lot-C, 1.3 acres $1.3m
Lot-D, 1.5 acres $1.5m
Lot-E, 4.27 acres $680K
Lot A is for the entire 7.75 acre parcel and will have approximately 525' of frontage on Loop 256.
This parcel is already surveyed.
Lot B is a 1.5 acre corner with Range Rd and will have approximately 185' frontage on Loop 256. Shared cross access in the front and rear will be required with adjoining lots.
This property will still need to be surveyed out of the larger 7.75 acre parcel.
Lot C is a 1.3 acre center lot and will have approximately 155' of frontage on Loop 256. Shared cross access in the front and rear will be required with adjoining lots.
This property will still need to be surveyed out of the larger 7.75 acre parcel.
Lot D is a 1.5 acre corner lot closest to the Hotel & approximately 185' frontage on Loop 256. Shared cross access in the front and rear will be required with adjoining lots.
This property will still need to be surveyed out of the larger 7.75 acre parcel.
Lot E is the rear lot of 4.27 acres and has no Loop 256 frontage, but it will have access from the side street Range Rd and shared access from the Hotel main driveway.
This property will still need to be surveyed out of the larger 7.75 acre parcel.
Property Facts
| Price | $4,923,555 CAD | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 7.75 AC |
| Property Type | Land | ||
| Zoning | Commercial - Commercial | ||
| Price | $4,923,555 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 7.75 AC |
| Zoning | Commercial - Commercial |
1 Lot Available
Lot A,B,C,D,E
| Price | $4,923,555 CAD | Lot Size | 7.75 AC |
| Price Per AC | $635,297.44 CAD |
| Price | $4,923,555 CAD |
| Price Per AC | $635,297.44 CAD |
| Lot Size | 7.75 AC |
Lot-A, 7.75 entire acres $3,500,000 or individual lots Lot-B, 1.5 acres $1.5m Lot-C, 1.3 acres $1.3m Lot-D, 1.5 acres $1.5m Lot-E, 4.27 acres $680K No Hotels Allowed!
Description
Are you needing a PRIME 7.75 acre retail location in Palestine or smaller lots, then here it is! You will not find a larger parcel of land available anywhere closer to the busiest growing area of Palestine than this property. Directly across Loop 256 from Lowes, a quarter mile from the Walmart, half mile to Tractor Supply, Hobby Lobby and the new Academy Sporting Goods store. This property is a corner location, offers easy access in and out, great visibility, 24,000 cars pass daily, slightly sloping from front to back and 85% cleared of large trees. Owner is willing to divide the frontage area and offer smaller acre tracts. Lot-B, 1.5 acres $1.5m Lot-C, 1.3 acres $1.3m Lot-D, 1.5 acres $1.5m Lot-E, 4.27 acres $680K Lot A is for the entire 7.75 acre parcel and will have approximately 525' of frontage on Loop 256. This parcel is already surveyed. Lot B is a 1.5 acre corner with Range Rd and will have approximately 185' frontage on Loop 256. Shared cross access in the front will be required with adjoining lots. This property will still need to be surveyed out of the larger 7.75 acre parcel. Lot C is a 1.3 acre center lot and will have approximately 155' of frontage on Loop 256. Shared cross access in the front will be required with adjoining lots. This property will still need to be surveyed out of the larger 7.75 acre parcel. Lot D is a 1.5 acre corner lot closest to the Hotel & approximately 185' frontage on Loop 256. Shared cross access in the front will be required with adjoining lots. This property will still need to be surveyed out of the larger 7.75 acre parcel. Lot E is the rear lot of 4.27 acres and has no Loop 256 frontage, but it will have access from the side street Range Rd and shared access from the Hotel main driveway. This property will still need to be surveyed out of the larger 7.75 acre parcel.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $2,090,553 CAD | Total Assessment | $2,090,553 CAD |
Property Taxes
Presented by
2800 S Loop 256
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