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- LoopNet Team
US Hwy 84
Palestine, TX 75801
Land For Sale
·
25.00 AC
INVESTMENT HIGHLIGHTS
- 8 acres plus 23-acre private lake
- Ready for development and/or owner-user
- Fishing!
- On Major US Hwy 84, Palestine, TX
- Highly accessible, within city limits
PROPERTY FACTS
DESCRIPTION
This distinctive property is situated within the city limits and boasts a captivating 18-acre private spring-fed lake complete with a pier. Approximately 5 acres of the land are designated as buildable, offering a versatile canvas for development. The original 2,660 square foot building presents an opportunity for remodeling, catering to various purposes. City sewer, electricity, and water infrastructure are already in place on-site. Additionally, the property features a charming 288-square-foot lakeside cabin equipped with electricity, water, and a septic system. Envision the potential for a tiny home or cabin rental park, a compact apartment complex aptly named "On-the-Lake," a vibrant restaurant, or an inviting event venue. Alternatively, seize the opportunity to create a bespoke private retreat tailored to your unique vision. The possibilities for this one-of-a-kind property are as vast as the tranquil expanse of the private lake it encompasses.
