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6175 Loop 256 , Palestine, TX 75801

$595,000

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New to the Market Active

LOT SIZE 19.430 acres MLS#21272226

STATUSActive PROPERTY TYPELand - Commercial SUBDIVISIONMcDonald

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Property 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.

6175 Loop 256 | MLS# 21272226

This land located at 6175 Loop 256 , Palestine, TX 75801 is currently listed for sale with an asking price of $595,000. The property has approximately 19.43 Acres. Search Palestine real estate on baileygonzales.kellyrealtors.com today.

Property Features

Property Type: Land - Commercial

Lot Size: 19.43 Acres

Stories: 1.0

Year Built: 9999

Feature Descriptions

Days on Site: 4

Lot: Corner Lot, Leasehold

Parcel#: R15636

Units: 1

Utilities: City Water, Electricity Available

Listed By / Shown By

Listed By

Agency Name: Staples Commercial Group, LLC
Agency Contact: 903-266-2900
Agent Name: Ray Ver Hey

Shown By

Agent Name: Bailey Gonzales
Agent Phone: (979) 220-6587
Agency Title: Kelly, Realtors

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Estimated Payment

$ 1,497.75 per month $1,324.21 Principal & Interest $0.00 Property Tax (data not provided by mls) $173.54 Homeowner's Insurance

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6175 Loop 256 , Palestine, TX 75801

$595,000

SAVE TOUR PROPERTY

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