Paragon Realtors Real Estate

5210 S Us Highway 79Palestine, TX 75803Price: $335,000

  • Price: $335,000
  • Est. Mortgage of $/month
  • 94 Days on Market
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Federal 30-year interest rate: 6.37% last updated on May 7, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $335,000List Price
  • 27.67Acreage

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Listed by Matthew Marshall of Drake Real Estate (903-581-3737)
27± Acres Commercial Opportunity offering approximately 2,000 feet of high-visibility along heavily traveled US Highway 79,84 in Palestine. With strong frontage, excellent access, and surrounding growth, this tract is ideally positioned for retail, warehouse, mixed-use, multifamily, or residential development. The property is rectangular, elevated with attractive topography, and minimal floodplain. Approximately 20% is cleared and level, providing an immediate build site, while the balance features mature timber and elevated terrain that allows flexibility for phased development or future expansion. The tract currently benefits from a timber exemption, helping reduce holding costs prior to development. A concrete entry drive is already in place for easy access, and improvements include a 288 SF building with electricity, ideal for storage or use as a construction or project office during development. Most of the property lies within the City of Palestine limits, with water and sewer utilities available, supporting a wide range of commercial or higher-density uses. A small portion on the northeast boundary is located within the FEMA flood zone. Located in Westwood ISD and surrounded by expanding activity, this corridor continues to see strong growth and investment, making this a strategic site for long-term appreciation and immediate development potential.

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Based on information submitted to North Texas Real Estate Information Services as of May 15, 2026 9:51 AM EDT. All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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