3.19 Acres in Palestine, TX

Lot Description

Cheap Land in Palestine, Texas.

Equidistant from Dallas, Houston, and Shreveport, Louisiana lies Palestine, Texas, one of the best small cities within this proud state. It boasts a rich history, with 23 historical sites on the National Register of Historic Places, and its colorful past has fostered a vibrant tourism industry here. Fortunately, this lot sits outside the town's historic district, which frees up its development potential.

Buy one of three 1+ acre lots or the whole 3.19 acres

Enormous profit potential from buying the whole 3.19 acres and re-selling smaller lots

Priced about 45% Below Market

Paved Road Access

All Utilities Available

No Deed Restrictions

PROPERTY: This 3.19 acre lot is lightly wooded, and it features about 485 feet of direct frontage on paved Magnolia Street. The lot is very flat and there are no structures on site, but all utilities - power, water, sewer, trash, internet - are available so it's very build-ready. It's ready for anything, in fact, because there are no restrictions here. This particular neighborhood is very close to Walmart but not too close - just 5 minutes down the road inside the most hottest shopping district in the city. When you're ready for natural adventure, Big Lake Bottom Wildlife Area is a short 25 minute drive to the west, or try one of the city's many other lakes and parks.

If you don't want the whole package, then we'll break you off a piece. Choose from the north, middle, or south section, or even a single lot. Just let us know what you're looking for. Here are our asking prices for each section:

North, 1.26 acres, - largest & most flexible layout

Middle, 1.03 acres, - quietest

South, 0.90 acres, - most road frontage

Want just a single quarter-acre lot? Let us know and we'll make a deal.

Call, text, or email Scott if you have any questions or would like to discuss an offer. There's lots more info - including viewing instructions - below, so make sure to keep reading.

Buy a piece of it or the whole thing for massive savings either way.

Consider this: quarter-acre lots in Palestine are selling for about The City of Palenstine will allow the development of one home or duplex per lot, so a buyer can look forward to the revenue stream from at least 9 different quarter-acre+ lots in the future in projected revenues, and probably more when including the “back” parcels). Business models based on volume buying and small-piece selling are probably the most reliable, time-tested profit generators throughout history, and this is classic example.

Property Details

SIZE: 3.19 acres

POSTAL Address: 1143 S. Magnolia Street, Palestine TX 75801

Gps Coordinates (center of lot): 31.749849, -95.630344

Apn: R28521

Legal Description: Broyles Block C Lot 8, 10, 11A, 11B, Block D Lot 1, 3-10 & Alley

TITLE: clear - no back taxes, no liens

MINERAL Rights: not transferred with property

FLOODPLAIN: none

ELEVATION: 515 feet

TERRAIN: flat

CONDITION: undeveloped, lightly wooded

ACCESS: about 485 feet of direct frontage on paved Magnolia Street

POWER: available

WATER: available

WASTEWATER: available

TAXES: in 2021

Zoning/Restrictions: none

HOA: none

NEAREST Cities: Palestine, Dallas, Houston

NEAREST Airports: Dallas-FtWorth International (2 hours), Houston International (2 hours 20 mins)

Cheap Land in Palestine Texas | Subdivided into 13 Residential Lots | All Utilities | 3.19 acres

You can go view the property at your convenience - owner does not need to accompany. Please call/text us to let us know you're heading out, so we can ensure we have our phone on us in case you need help or have any questions. We'd appreciate a couple hours notice if possible. In case you lose cell phone service, it may be helpful to print off as many helpful documents as you can before you head out there.

You can navigate to GPS Coordinates 31.749849, -95.630344.

Palestine

Retail - Walmart (just 5 mins away), Lowes, Hobby Lobby, Dollar General, Dollar Tree, Kroger, Ace Hardware, Walgreens, Cvs, Tractor Supply Co, many others

RESTAURANTS - Starbucks, McDonald's, Panda Express, Wendy's, Applebee's, Dairy Queen, Chili's, Whataburger, Chick-fil-A, Wingstop, Taco Bell, Sonic, Burger King, King Buffet, Pizza Hut, Kfc, Jack in the Box, Stadium Sports Bar, Church's, Domino's, many others

SERVICES - Hospital, Banks and Credit Unions, Vet, Dentist, Post Office, many others

RECREATIONAL - Reagan Park, Texas State Railroad Depot, Davey Dogwood Park, Big Lake Bottom Wildlife Area, Palestine Community Forest

DALLAS (1 hr 45 mins, nearest major metro)

HOUSTON (2 hrs 30 mins)

Call, text, or email Scott if you'd like to discuss an offer.

FOR Sale BY Owner: We are investors, and are selling this lot For-Sale-By-Owner. You do not need to submit your offer through a real estate agent, and in our experience we close transactions more quickly and easily by having our dedicated transaction coordinator work directly with the Title Company and Buyers. We will also both save money on commission/fees by cutting out agents as the middle men. However, if you feel strongly about working with a Realtor, then you're welcome to have them contact us on your behalf.

OWNER Financing: We do not offer owner-financing but you could get a loan through a bank or another lender and we'd be happy to coordinate with them.

OUTSIDE Financing: Your best deal for financing will come from a local bank or credit union and we can help you find a great deal. Land loans typically require about 15-25% down.

WHY ARE YOU Selling It SO Cheap? We are often asked why our properties are priced below market value, and the answer is really simple: we choose to sell to you at wholesale prices. We are investors who purchase properties at a large volume and discounted rates, and we strongly believe in passing this discount on to our buyers.

DISCLAIMER: We attempt to provide detailed, accurate and up-to-date information in our listings, in order to help our buyers to the best of our ability. However, it ultimately remains the buyer's responsibility to perform their own due diligence and double check any details that are of significant importance to you including acreage, utilities, build-ability, and approved/allowable use-age for the property. We are happy to help however we can.