416 W Palestine Ave Ave, Palestine, TX 75801

Beds
2
Baths
2
Sqft
1,366

The seller has publicly disclosed their preferred terms of sale. Sign in to see the price the seller has committed to accept for a buyer to place the property under contract immediately, view any offers or make an offer. View property features, location on map, relevant school information, overview from seller's agent and documents.

Listed byKeller Williams Dallas Preston Road
  • 79
  • 4

Overview

Prime location on busy Palestine Avenue( Commercial use & residential use). This versatile property offers excellent visibility and high traffic counts, making it an ideal choice for a small business, professional office, or investment opportunity. Featuring an open-concept floor plan, the space can easily be adapted to fit residential or commercial needs. The property sits on a 0.30-acre lot (Lots 5 & 6 combined) with ample backyard space and additional parking potential. This property presents a rare opportunity for both homeowners and entrepreneurs.

Prime investment and live-work opportunity in a highly visible location along busy Palestine Avenue. Zoned commercial while currently benefiting from a homestead exemption, this versatile property offers exceptional flexibility for residential living, business use, or investment potential.

Featuring approximately 1,366 sq. ft., the property includes 2 bedrooms, 2 full bathrooms, and an open-concept layout with abundant natural light, spacious rooms, and flexible living areas that can easily adapt to residential or professional use. Whether you’re envisioning a primary residence, boutique office, salon, studio, rental property, or small business, this property offers endless possibilities.

Situated on approximately 0.30 acres across two combined lots (Lots 5 & 6), the property provides additional outdoor space with potential for expanded parking, outdoor seating, storage, or future improvements. Additional highlights include central heating and air, city utilities, and excellent visibility with steady traffic exposure.

Conveniently located near local businesses, dining, and major thoroughfares, this is a rare opportunity for investors, entrepreneurs, or homeowners seeking flexibility, visibility, and long-term potential.

*Some of the Images are Virtually Staged

Location

Seller’s Terms

Terms
Options
Value
  • Purchase and Sale Agreement

    • A Purchase and Sale Agreement to be completed between the parties within 12 hours after the Winning Offer.

  • Deposits

    • 1% of the purchase price is due from the buyer with Purchase and Sale Agreement. Deposit shall be held by Universal Title Dallas.

  • Closing Date

    • 15 - 25 days after the Winning Offer date.

  • Inspection Contingency

    • Accepted

    • Waive Inspection Contingency

  • Financing Contingency

    • Accepted

    • Waive Financing Contingency

      +$10,000

Full feature list

Basic info

Property type
House
Number of stories
1
Number of bedrooms
2
Number of bathrooms
2
Square feet
1,366
Lot size (acres)
0.30
Year built
1989

Interior features

Laundry
Washer Hookup, Dryer Hookup

Utilities

Heating
Electric, Central
Cooling
Central Air, Electric

Public schools

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Documents

File name

Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: North Texas Real Estate Information Systems (NTREIS) MLS®#: 21197740 Last checked:

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.