This Land Property is no longer advertised on LoopNet.com.

US Hwy 84
Palestine, TX 75801

Land For Sale · 25.00 AC

Investment Highlights

  • 8 acres plus 23-acre private lake
  • Ready for development and/or owner-user
  • Fishing!
  • On Major US Hwy 84, Palestine, TX
  • Highly accessible, within city limits

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Hold For Development
  • Hold For Investment
  • Office Park
  • Rehabilitation Center
  • Restaurant
Total Lot Size 25.00 AC

Description

This distinctive property is situated within the city limits and boasts a captivating 18-acre private spring-fed lake complete with a pier. Approximately 5 acres of the land are designated as buildable, offering a versatile canvas for development. The original 2,660 square foot building presents an opportunity for remodeling, catering to various purposes. City sewer, electricity, and water infrastructure are already in place on-site. Additionally, the property features a charming 288-square-foot lakeside cabin equipped with electricity, water, and a septic system. Envision the potential for a tiny home or cabin rental park, a compact apartment complex aptly named "On-the-Lake," a vibrant restaurant, or an inviting event venue. Alternatively, seize the opportunity to create a bespoke private retreat tailored to your unique vision. The possibilities for this one-of-a-kind property are as vast as the tranquil expanse of the private lake it encompasses.

PROPERTY TAXES

zoning

Zoning Code Commercial (Mixed Use.)
  • Listing ID: 28741777

  • Date on Market: 6/13/2023

  • Last Updated:

  • Address: US Hwy 84, Palestine, TX 75801