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$ 595,000
Est. payment | /mo
19.43 Acres Lot
$ 595,000
Est. payment | /mo
19.43 Acres Lot
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Mcdonald
MLS Listing ID 21272226
Annual Tax Amount $2,694
Lot Size 19.430 Acres
Acres 19.43
Property Sub-Type Unimproved Land
Property Description
Great investment property with credit worthy Tenant. Sale to include 7 year tenant lease with TEXWIN and all additional land. Total purchase is 19.43 acres, Tenant lease 2.5 acres of this. 1.13 acres remains outside of the flood zone and 15.8 acres remains inside of the flood zone. Car count for this property is approximately 12K daily. Tenant lease started on 10.1.25 and ends 2.28.33, plus they have two 3 year extensions. Tenant also has a First Right of Offer and First Right of Refusal on the property. Tenant paid and installed their own septic, driveway on Loop 256, power and a slab. Seller surveyed out this piece so they would have their own tax bill for the property since Tenant is responsible for the Property Taxes. TEXWIN is a company that sells portable buildings to home owners.
Location
State TX
County Anderson
Zoning Commercial
Direction On N Loop 256 at the corner of Lacy St in Palestine, TX
Exterior
Utilities Available City Water, Electricity Available
Garage No
Building
Lot Description Corner Lot, Leasehold
Structure Type Other
Others
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21272226
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Listed by Ray Ver Hey • Staples Commercial Group, LLC
Nearby School & Business
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Dave Budny
Broker Associate | License ID: 0660042
931 Poteet Cir, Waxahachie, Texas, 75165, United States