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About This Home
This 0-bedroom, 0-bathroom commercial at 6175 Loop 256 in Palestine, TX is listed for $595,000. on a 19.43 acres lot.
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.
Key Features
- 19.43 acre lot
Monthly Cost Estimate
$3,182/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
6175 Loop 256
Palestine, TX 75801
McDonald
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 6175 Loop 256 is listed at $595,000. The estimated monthly payment is $2,578 based on 20% down at 6.5% interest.
Key features include: 19.43 acre lot.
This property is listed by Ray Ver Hey and can be reached at 9032662900 or ray@staplescommercial.com.
