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103 Wesley Dr 2,754 SF 100% Leased Retail Building Palestine, TX 75801 $1,300,000 ($472.04/SF)
Investment 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.
Executive Summary
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
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
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,754 SF
Building Class
C
Year Built
1977
Price
$1,300,000
Price Per SF
$472.04
Percent Leased
100%
Building Height
1 Story
Building FAR
0.04
Lot Size
1.55 AC
Zoning
HC-Highway Commecrial - Check the City of Palestine website, then just click on the search bar and type Zoning Ordinance (PDF) and scroll to the HC zoning information.
Frontage
Amenities
- Corner Lot
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Larry E Legard
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Larry E Legard | - | - | - | - |
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R33403 | Improvements Assessment | $236,063 |
| Land Assessment | $42,364 | Total Assessment | $278,427 |
Property Taxes
Parcel Number
R33403
Land Assessment
$42,364
Improvements Assessment
$236,063
Total Assessment
$278,427
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103 Wesley Dr