1516 Sycamore StPalestine, TX 75801

Property Details for 1516 Sycamore St

Year built

1978

Lot size

1.91 AC

Property size (Sq ft)

11,860 SF

Property type

Commercial real estate

APN

R36988

APU

R36988

Description

This exceptional investment opportunity presents two 6,000-square-foot warehouses situated on a 2.23-acre lot in Palestine, TX. Built in 2006 and renovated in 2024, these industrial spaces boast 4 loading docks and 4 dock-high doors, providing ample access for efficient operations. Each warehouse features insulated construction, updated wiring and lighting, and 3-phase electrical service. The open floor plans offer versatile usage options. The property is fully fenced and includes paved parking and outdoor lighting. Conveniently located near the Walmart Distribution Center, this property offers easy access to major transportation routes, including railroad access. Utilities such as water, sewer, and internet are readily available. The property is currently vacant but has a proven rental history, previously leased at $9,000 NNN for the entire property, or $5,000 NNN per warehouse. This owner-user or investment property presents a compelling 15% cap rate. The permitted zoning is industrial, making it suitable for a variety of businesses. This is a rare opportunity to acquire a well-maintained, strategically located industrial property with significant upside potential.

• Alternative Use

  Use

  Valuation

  Residential

  $3,731,774

  Hospitality

  $3,418,284

  Educational

  $2,843,973

  Medical

  $2,941,781

  Retail

  $4,423,958

Location Insight

City

Palestine

County

Anderson

State

Texas

Latitude

31.7448

Longitude

-95.6265

CBSA code

37300

CBSA name

PALESTINE, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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