About 6175 Loop 256
Great investment property with credit worthy Tenant. Sale to include 7 year tenant lease with TEXWIN and all additional land. Total purchase is 19.43 acres, Tenant lease 2.5 acres of this. 1.13 acres remains outside of the flood zone and 15.8 acres remains inside of the flood zone. Car count for this property is approximately 12K daily. Tenant lease started on 10.1.25 and ends 2.28.33, plus they have two 3 year extensions. Tenant also has a First Right of Offer and First Right of Refusal on the property. Tenant paid and installed their own septic, driveway on Loop 256, power and a slab. Seller surveyed out this piece so they would have their own tax bill for the property since Tenant is responsible for the Property Taxes. TEXWIN is a company that sells portable buildings to home owners.
Features of 6175 Loop 256
| MLS® # | 21272226 |
|---|---|
| Price | $595,000 |
| Acres | 19.43 |
| Year Built | 9999 |
| Type | Commercial Sale |
| Sub-Type | Unimproved Land |
| Status | Active |
Community Information
| Address | 6175 Loop 256 |
|---|---|
| Subdivision | McDonald |
| City | Palestine |
| County | Anderson |
| State | Texas |
| Zip Code | 75801 |
Amenities
| Utilities | City Water, Electricity Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 1 |
| Stories | 1 |
Exterior
| Lot Description | Corner Lot, Leasehold |
|---|---|
| Construction | Other |
Additional Information
| Zoning | Commercial |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Ray Ver Hey |
|---|---|
| Office | Staples Commercial Group, LLC |
| Contact Info | 903-266-2900 |