2601 HWY 155, Palestine, Texas, 75803
Highly visible, high traffic count, level triangular lot on corner of State Hwy 155 and FM 315 (Gardner Drive), Palestine, TX. The property is across the state highway from a new Family Dollar Store, a new Texas Farm Bureau Insurance Office building and a recently opened Mahindra Tractor Store. On about 1.66 acres, located within city limits at 2601 State Highway 155, Palestine, TX 75801, just 1 mile north of Loop 256 and about 12 miles south of Frankston, TX. Presently there are 2 buildings on the property. One is a vacant residential home as a rental income property potentially bringing in about $500/MO. The other was a Bar-B-Q restaurant, renting for $400/MO. There is also a fruit and vegetable stand on the corner, leasing space for $100/MO. Property has potential to operate 1, 2 or 3 commercial concerns. Must see for all potential.