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1907 W Oak St
Palestine, TX 75801
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Prime Investment Opportunity
- fully-equipped commercial kitchen
- Established Restaurant & Versatile Commercial Space
EXECUTIVE SUMMARY
Prime Investment Opportunity – Established Restaurant & Versatile Commercial Space! This property is an ideal investment for entrepreneurs or investors seeking a proven income-producing asset. The property offers a rare opportunity for either owner-occupancy or use as a rental income generator. The front of the building features a warm and inviting atmosphere, with a spacious dining area perfect for guests to relax and enjoy. Palestine is a booming North- East Texas town with load of potential with 2025 Population of 19,907 people and this location has TX Dot Traffic Annual Count: 11,525. The fully-equipped commercial kitchen includes stainless steel appliances, ample prep space, ice machine, and storage — ready for immediate use. Whether you want to expand within the restaurant industry, convert it into an event venue, retail shop, or explore other hospitality concepts, this property is full of potential. With its prime location, and turnkey setup, the opportunity is yours!
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,710 SF
Building Class
C
Year Built/Renovated
1950/2018
Price
$315,000
Price Per SF
$184.21
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.41 AC
Zoning
(RC) - Retail Commercial
Frontage
AMENITIES
- Restaurant
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | R14286 | Improvements Assessment | $210,491 |
| Land Assessment | $49,115 | Total Assessment | $259,606 |
PROPERTY TAXES
Parcel Number
R14286
Land Assessment
$49,115
Improvements Assessment
$210,491
Total Assessment
$259,606
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