5210 Us Highway 79 Palestine, TX 75801

This exceptional 27.67-acre commercial lot presents a unique investment opportunity in Palestine, Texas. Strategically located on heavily trafficked US Highway 79 (with an 84 designation), this rectangular parcel offers significant visibility and accessibility. The property boasts a slightly elevated terrain, providing excellent drainage and potential for diverse development. A majority of the land lies within Palestine city limits, simplifying permitting and development processes. While a small portion in the northeast corner falls within a FEMA flood zone, much of the wooded area is elevated, mitigating flood risk. Approximately 20% of the land is already cleared and leveled, featuring a concrete entryway and a small, 288-square-foot building equipped with electricity. This existing structure can serve as temporary storage or office space during the development phase. The property's versatility allows for a wide range of development options, including mixed-use retail, shops, warehouses, residential units, or apartments. Its location within the Westwood School District adds to its appeal. This is an ideal site for an entrepreneur or developer seeking a prominent location with substantial acreage for a significant project. The combination of high visibility, ample space, and diverse development potential makes this property a truly exceptional investment.