For Sale
$350,000

1907 Oak St Palestine, TX 75801

Established Restaurant, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 1,506 square foot restaurant presents a lucrative investment opportunity in Palestine, Texas. Located on a major thoroughfare, this single-story, Class C retail property boasts a prime location with high visibility and significant traffic counts averaging 11,163 vehicles daily in 2022. The property sits on a 0.41-acre lot and includes a drive-thru, ample interior and exterior dining space, and a grease trap, all essential components for a successful restaurant operation. Built in 1950, the building is currently 100% occupied by a fully operational restaurant, offering the potential for immediate income generation. The sale includes all furniture, fixtures, and equipment, allowing for a seamless transition for a new owner. The property is zoned (RC) Retail Commercial, ensuring flexibility for continued restaurant use or potential redevelopment. All utilities are readily available. This turnkey operation represents a rare chance to acquire a well-established business in a thriving location. The asking price is $350,000, with a price per square foot of $232.40. The Anderson County property features a single unit and is identified by APN 14286. Don't miss this chance to own a piece of Palestine's vibrant culinary scene.

Highlights

  • High-traffic location on a major Palestine, TX thoroughfare.
  • Features a drive-thru, indoor and outdoor seating, and a grease trap.
  • Currently occupied by a thriving business.
  • All utilities are connected.
  • 2022 traffic count: 11,163 vehicles.

Property Details for 1907 Oak St

Property type
Retail properties, Restaurants
Square Feet
1,506 SF
Class
C
Year Built
1950
Buildings
1
Stories
1
Lot Size (sq. ft)
17,860 SF
Units
1

Location Insight

City
Palestine
County
Anderson
State
Texas
Latitude
31.7503205
Longitude
-95.6503164

FAQs

What type of property is this?
Retail property - Established Restaurant, High Traffic Area
Where is the retail property located?
The property is located at 1907 Oak St Palestine, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: High-traffic location on a major Palestine, TX thoroughfare.; Features a drive-thru, indoor and outdoor seating, and a grease trap.; Currently occupied by a thriving business.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1907 Oak St
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