103 Wesley Dr - Storefront Retail/Office FOR SALE


Palestine, TX 75801
$1,300,000 USD
903-570-7366
103 Wesley Dr, Palestine, TX for Sale
$1,300,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | Request Cap Rate

103 Wesley Dr
Palestine, TX 75801


HIGHLIGHTS

  • Well suited for a single-tenant retail concept, quick-service restaurant, casual dining user, medical, retail, service-oriented business, or other com
  • Palestine Economic Development Corporation has identified the city as a growing hub for retail and assists with site selection.

OVERVIEW

This prime commercial property offers a premier purchase opportunity on 1.55 acres of retailzoned land.Situated next to high-traffic national retailers such as Walmart Supercenter, ALDI, Walgreens, Hobby Lobby, Starbucks, Panda Express, Applebee’s, and Wendy’s, this site is positioned for maximum visibility and foot traffic. With its strategic location near prominent retailers, access to utilities, and excellent traffic visibility, this property offers flexibility for businesses looking to lease or acquire a valuable asset in the thriving retail environment of Palestine, TX. Property Features: •Total acreage: 1.55 acres •Traffic count: 23,487 vehicles per day •Zoning: Retail commercial •Frontage: 185 feet on Loop 256 •On-site building: 2,094 SF home currently on the property with potential for redevelopment

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$472 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

HC-Highway Commecrial

APN/PARCEL ID

R33403

ASK ABOUT THIS PROPERTY

Samuel Scarborough CCIMScarborough Commercial Real EstateMore Info
903-570-7366

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Samuel Scarborough CCIMScarborough Commercial Real EstateMore Info
903-570-7366

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.