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513 Old Elkhart Rd
Palestine, TX 75801
Retail Property For Sale
Investment Highlights
- Fully leased retail center with four established tenants.
- Excellent visibility and access for local and drive-by customers.
- Positioned in a high-traffic corridor adjacent to Walmart.
- Nearly half-acre site with strong long-term tenant stability.
Executive Summary
FULL OCCUPIED STRIP SHOPPING CENTER FOR SALE!! Take advantage of this rare opportunity to acquire a thriving LAUNDROMAT business along with its PRIME real estate. Situated in a HIGH traffic area with GREAT visibility adjacent to Walmart. Nearly .5 acre with over 3,300 SF of rentable space which includes 4 individual tenant suites. Current tenants are well-established and have a strong local customer base.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,330 SF
Building Class
C
Year Built
2016
Price
$800,000
Price Per SF
$240.24
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.36 AC
Zoning
Commercial
Parking
20 Spaces (6.01 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | R66255 | Improvements Assessment | $223,560 |
| Land Assessment | $39,052 | Total Assessment | $262,612 |
Property Taxes
Parcel Number
R66255
Land Assessment
$39,052
Improvements Assessment
$223,560
Total Assessment
$262,612
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