2000 S Loop 256 | Palestine, TX 75801
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- LoopNet Team
2000 S Loop 256
Palestine, TX 75801
Palestine Mall · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- REDEVELOPMENT OPPORTUNITY WITH MAJOR CITY INCENTIVES AVAILABLE
- Located in the main retail hub of Palestine with a 15-mile trade area
- Across from Wal-Mart & Lowe’s Home Improvement
- Value-add opportunity - below market rents
- Strong Corporate Primary Tenants with JC Penney, Aaron’s and Burkes Outlet
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
198,794 SF
Building Class
B
Year Built/Renovated
1980/1991
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
21.00 AC
Zoning
Commercial
Parking
1,028 Spaces (5.17 Spaces per 1,000 SF Leased)
AMENITIES
- Enclosed Mall
ABOUT 2000 S LOOP 256 , PALESTINE, TX 75801
Palestine Mall (“Property”) is a 206,259 square foot shopping center located at 2000 S Loop 256 in Palestine, Texas. Palestine is a naturally beautiful city in the Piney Woods of Northeast Texas mid-way between Dallas and Houston. Its location, at the intersection of five major highways leading to those metroplexes and the Austin area, provides excellent accessibility.
PROPERTY TAXES
| Parcel Number | R34498 | Improvements Assessment | $615,960 |
| Land Assessment | $1,884,040 | Total Assessment | $2,500,000 |
PROPERTY TAXES
Parcel Number
R34498
Land Assessment
$1,884,040
Improvements Assessment
$615,960
Total Assessment
$2,500,000
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