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1230 FM 315 - State Hwy 155/FM 315-Palestine, TX

4.67 Acres of Commercial Land Offered at $699,000 in Palestine, TX 75803

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Investment Highlights

Heavy vehicle traffic on major State Highway
Additional 400' frontage on FM 315

490' Frontage on major State Highway

Executive Summary

Total of 4.666 acres, partly inside Palestine city limits. Prime commercial property on high traffic State Hwy 155. About 490' of frontage on State Hwy 155 and the same on FM 315. Across Hwy from Family Dollar, Texas Farm Bureau office and a Mahindra dealer. Caddy corner to an Exxon gas C-Store and just north of a Chrysler/Dodge/Jeep dealer. Perfect for another C-Store, General merchandise store, neighborhood grocery, or a retail strip center. The unoccupied 3 BR house and shop on the property are in good condition. Excellent for owner/user home office with plenty of land to develop storage units or other business.

1230 FM 315-PropCond

1230 FM 315-ACADPlatMap

1230 FM 315-Survey2008

Property Facts

Price	$699,000	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Commercial Retail Office Multifamily Apartment Units - Condo Apartment Units - Senior Auto Repair Bank Bar Carwash Convenience Store Daycare Center Drugstore Fast Food Garden Center General Freestanding Hotel Motel Religious Facility Restaurant Self Storage Service Station Storefront, Retail or Office Storefront, Retail or Residential Strip Center Veterinarian or Kennel
No. Lots	1	Total Lot Size	4.67 AC
Property Type	Land

Price	$699,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Office Multifamily Apartment Units - Condo Apartment Units - Senior Auto Repair Bank Bar Carwash Convenience Store Daycare Center Drugstore Fast Food Garden Center General Freestanding Hotel Motel Religious Facility Restaurant Self Storage Service Station Storefront, Retail or Office Storefront, Retail or Residential Strip Center Veterinarian or Kennel
Total Lot Size	4.67 AC

1 Lot Available

Lot

Price	$699,000	Lot Size	4.67 AC
Price Per AC	$149,679

Price	$699,000
Price Per AC	$149,679
Lot Size	4.67 AC

Slightly sloped Prime Commercial/Mixed Use lot with 490' of road frontage along Texas State Highway 155 and another 490' of frontage on a County Road (FM 315). The unoccupied 3 BR home on the property is in good condition.