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412 E Lacy St 5,990 SF Retail Building Palestine, TX 75801 $650,000 ($108.51/SF)
Investment Highlights
- 5,990 SF of building on ±0.81 acres of land
- Located in the Professional Corridor
- Corner Lot
- High traffic
Executive Summary
Prime Opportunity at 402 E Lacy Street
An exceptional opportunity to own a stand-alone, Palestine’s most visible and rapidly evolving corridors. 412 E Lacy offers outstanding street presence, strong accessibility, and flexible potential for a wide range of uses. Located one block from the county courthouse.
The property is currently vacant; showcasing a clean, functional layout that can easily accommodate a variety of business operations. The structure provides added protection, visibility, and long-term value, while the adaptable floor plan makes it ideal for medical, office, showroom, creative, or professional services. The current paved parking lot has capacity for approximately 36 vehicles.
With convenient access to major thoroughfares and surrounded by ongoing development and growth, this property is perfectly positioned for an owner-user or investor looking to establish or expand their footprint in a high-traffic area
An exceptional opportunity to own a stand-alone, Palestine’s most visible and rapidly evolving corridors. 412 E Lacy offers outstanding street presence, strong accessibility, and flexible potential for a wide range of uses. Located one block from the county courthouse.
The property is currently vacant; showcasing a clean, functional layout that can easily accommodate a variety of business operations. The structure provides added protection, visibility, and long-term value, while the adaptable floor plan makes it ideal for medical, office, showroom, creative, or professional services. The current paved parking lot has capacity for approximately 36 vehicles.
With convenient access to major thoroughfares and surrounded by ongoing development and growth, this property is perfectly positioned for an owner-user or investor looking to establish or expand their footprint in a high-traffic area
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
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| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
5,990 SF
Building Class
C
Year Built
1982
Price
$650,000
Price Per SF
$108.51
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.81 AC
Zoning
C - Commercial
Frontage
171’ on North Mallard Street
Amenities
- Atrium
- Corner Lot
- Drive Thru
- Storage Space
- Air Conditioning
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R42429 | Improvements Assessment | $410,727 |
| Land Assessment | $97,029 | Total Assessment | $507,756 |
Property Taxes
Parcel Number
R42429
Land Assessment
$97,029
Improvements Assessment
$410,727
Total Assessment
$507,756
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412 E Lacy St