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1015 Bassett Rd - 1015 Bassett Rd. 22.5 acres Land 22.55 Acres of Commercial Land Offered at $220,000 in Palestine, TX 75803

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INVESTMENT HIGHLIGHTS

Located on busy city road.
Timber Exemption

Near schools

EXECUTIVE SUMMARY

Wooded acreage on the edge of Palestine city limits, located in sought-after Westwood ISD. Rare opportunity to find a property this size so close to town. The land carries a timber valuation and is situated in an Opportunity Zone, making it ideal for future development. The terrain is relatively level with electricity available and water service through Four Pines Water Supply Corporation. Currently, hunting is permitted. A former mobile home site exists where a structure once stood. Whether you’re looking for a family retreat or long-term investment, this property offers excellent potential for both recreation and development.

PROPERTY FACTS

Price	$220,000	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Commercial
No. Lots	1	Total Lot Size	22.55 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	ETJ of Palestine TX - Currently not incorporated in Palestine. Bassett Rd is the city limits line.

Price	$220,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial
Total Lot Size	22.55 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	ETJ of Palestine TX - Currently not incorporated in Palestine. Bassett Rd is the city limits line.

1 LOT AVAILABLE

Lot 2B,12 & 12

Price	$220,000	Lot Size	22.55 AC
Price Per AC	$9,756.10

Price	$220,000
Price Per AC	$9,756.10
Lot Size	22.55 AC

DESCRIPTION

Wooded property has Timber Exemption. Located in ETJ, and in Opportunity Zone. Ideal for development, or holding with Timber Exemption for future 1031 Exchange.

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