750 N US Highway 287 - Apartments FOR SALE


Palestine, TX 75803
$665,000 USD
254-640-1957
750 N US Highway 287, Palestine, TX for Sale
$665,000 USD
Apartments - FOR SALE
1/108
null | Request Cap Rate

750 N US Highway 287
Palestine, TX 75803


OVERVIEW

Welcome to one of the most unique and versatile properties in Texas! Situated on 7.5 acres, this exceptional estate offers everything you could dream of and more. The centerpiece is a 4-bedroom, 3.5-bath main home with spacious rooms throughout, perfect for family living or entertaining. Above the large horse barn, you'll find a charming 1-bedroom, 1-bath apartment, ideal for guests, staff, or extra income potential. Adjacent to the home, you’ll step into a piece of history with a classic old saloon, complete with a pool hall, bathroom, and a cozy bunkhouse. It’s a fantastic space for gatherings, parties, or simply stepping back in time. The saloon is complemented by a smokehouse and a large workshop, giving you even more opportunities for hobbies, storage, or projects. For the equestrian enthusiast, this property is a dream come true. The large horse barn, training corral, and horse wash provide everything needed for horse care and training. It’s the ideal setup for a professional horse training facility or simply a place to nurture and enjoy your horses. As you enter the property, you’ll be transported to the Wild West with a full replica of Tombstone’s iconic town front. This remarkable feature adds an unmistakable charm to the property, making it a perfect backdrop for events or photoshoots. The property’s long driveway and heavily wooded borders provide a sense of seclusion, while still being conveniently located. The tranquil, private setting makes it ideal for a residential retreat, multi-family living, or even as an AirBNB or special event venue. Relax and unwind under the shaded gazebo, surrounded by nature’s beauty. With its vast possibilities and unique features, this property is an investment opportunity like no other. Plus, you can even negotiate some of the furnishings to make it truly your own. Don’t miss your chance to own this extraordinary piece of Texas!

FOR SALE DETAILS

PRICE

$665,000 USD

PRICE/SF

$178 USD /SF

# OF UNITS

2

PRICE/UNIT

$332,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

750 N US Highway 287, Palestine, TX

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

R0021706,R0064743

ASK ABOUT THIS PROPERTY

Sandy RaushenbergerAmazing Realty LLCMore Info
254-640-1957

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Sandy RaushenbergerAmazing Realty LLCMore Info
254-640-1957

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