6175 Loop 256,Palestine, TX 75801
Palestine, TX 75801
Description
Great investment property with credit worthy Tenant. Sale to include 7 year tenant lease with TEXWIN and all additional land. Total purchase is 19.43 acres, Tenant lease 2.5 acres of this. 1.13 acres remains outside of the flood zone and 15.8 acres remains inside of the flood zone. Car count for this property is approximately 12K daily. Tenant lease started on 10.1.25 and ends 2.28.33, plus they have two 3 year extensions. Tenant also has a First Right of Offer and First Right of Refusal on the property. Tenant paid and installed their own septic, driveway on Loop 256, power and a slab. Seller surveyed out this piece so they would have their own tax bill for the property since Tenant is responsible for the Property Taxes. TEXWIN is a company that sells portable buildings to home owners.
Details
| MLS # | 21272226 |
|---|---|
| Listing Type | For Sale |
| Style | Unimproved Land |
| Sub-Type | Resale |
| Status | Active |
| Year | 9999 |
| Days On Site | 127 |
| Listing Provided By | Staples Commercial Group, LLC | Ray Ver Hey |
Features
| Story(s) | 1 |
|---|---|
| Zoning | Commercial |
| Acreage | 19.43 |
Exterior
| Construction Materials | Other |
|---|---|
| Lot Features | Corner Lot, Leasehold |
Utilities
| Utilities | City Water, Electricity Available |
|---|
Taxes
| Unexempt Taxes | 2694 |
|---|
Area Information
| State | TX |
|---|---|
| County | Anderson |
| City | Palestine |
| Zip Code | 75801 |
| Area | Anderson |
| Community Name | McDonald |
| Listing VS Median (in McDonald) | |
Price: $595,000 low | high Med: $566,500 On site: 127 low | high Med: 94 | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Anderson |
| City | Palestine |
| Zip Code | 75801 |
| Area | Anderson |
| Community Name | McDonald |
| Listing VS Median (in McDonald) | |
Price: $595,000 low | high Med: $566,500 On site: 127 low | high Med: 94 | |
