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TBD Gillespie Rd
Palestine, TX 75801
Land For Sale
·
7.00 AC
Investment Highlights
- 7-acre tract located within city limits, providing a highly accessible and developable site.
- Flexible land configuration suited for residential, mixed-use, or other development concepts.
- Positioned near roads, services, and amenities in a market with strong residential growth trends.
- Full utility infrastructure in place, reducing upfront costs and expediting project timelines.
- Transmission line on eastern boundary offers a natural planning buffer and open space integration.
Executive Summary
This 7-acre tract within the city limits presents an excellent development opportunity for investors and builders seeking a well-positioned site in a growth market. The property benefits from full utility availability, significantly reducing pre-development costs and streamlining construction timelines. With generous acreage and flexible configuration options, this site offers the versatility to support residential, mixed-use, or specialty projects.
The location provides convenient access to nearby roads, essential services, and community amenities, positioning future developments for long-term success. A transmission line along the eastern boundary adds a natural demarcation, which can be utilized for green space or integrated into master planning. Surrounded by established and expanding neighborhoods, the tract sits in a region experiencing continuous demand for quality housing and complementary uses.
This offering represents a rare opportunity to acquire a sizable, utility-ready land parcel with compelling potential for developers and investors alike.
The location provides convenient access to nearby roads, essential services, and community amenities, positioning future developments for long-term success. A transmission line along the eastern boundary adds a natural demarcation, which can be utilized for green space or integrated into master planning. Surrounded by established and expanding neighborhoods, the tract sits in a region experiencing continuous demand for quality housing and complementary uses.
This offering represents a rare opportunity to acquire a sizable, utility-ready land parcel with compelling potential for developers and investors alike.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 7.00 AC |
| Property Type | Land |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 7.00 AC |
1 Lot Available
Lot
| Lot Size | 7.00 AC |
| Lot Size | 7.00 AC |
Description
Prime 7-acre tract located within the city limits, offering an exceptional opportunity for residential or mixed-use development. All utilities are readily available, streamlining the path for construction and reducing the upfront infrastructure costs. The property features ample space for a variety of development concepts, with convenient access to nearby roads, services and amenities. A transmission line runs along the east side of the property, which may provide a natural boundary for planning or open space integration. Ideal for developers seeking a well-positioned site with strong potential.
Property Taxes
| Parcel Number | R10674 | Improvements Assessment | $0 |
| Land Assessment | $63,549 | Total Assessment | $63,549 |
Property Taxes
Parcel Number
R10674
Land Assessment
$63,549
Improvements Assessment
$0
Total Assessment
$63,549
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