1907 Oak StPalestine, TX 75801

Property Details for 1907 Oak St

Year built

1950

Lot size

0.41 AC

Property size (Sq ft)

1,710 SF

Property type

Commercial real estate

APN

R14286

APU

R14286

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $538,055

  Hospitality

  $492,856

  Educational

  $410,050

  Medical

  $424,152

  Retail

  $637,856

Location Insight

City

Palestine

County

Anderson

State

Texas

Latitude

31.7503

Longitude

-95.6503

CBSA code

37300

CBSA name

PALESTINE, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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