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Prime Location Ground Lease 103 Wesley Dr

1.55 Acres of Commercial Land for Lease in Palestine, TX 75801

Highlights

  • Ground Lease Rate: $1.50 per square foot
  • Traffic Exposure: 24,467 vehicles per day (2024 data)
  • Utilities: All utilities are available at the site
  • Purchase Opportunity: Owner is open to offers for a purchase
  • On-Site Building: 2,094 square foot home currently on the property, providing potential for redevelopment
  • Zoning: Retail commercial, making this location ideal for a variety of uses, including retail, food services, or other commercial ventures

Lot For Lease

Display Rent as

Rent
  • £1.20 /SF/PA
  • £0.10 /SF/MO
  • £80,834 /PA
  • £6,736 /MO
Lease Term 5 - 10 Years
Lot Size 1.55 AC

This prime commercial property, located at 103 Wesley Drive in Palestine, TX, offers a premier ground lease or potential purchase opportunity on 1.54 acres of retail-zoned land. Situated next to high-traffic national retailers such as Walmart Supercenter, ALDI, Walgreens, Hobby Lobby, Starbucks, Panda Express, Applebee’s, and Wendy’s, this site is positioned for maximum visibility and foot traffic.

Property Overview

This prime commercial property, located at 103 Wesley Drive in Palestine, TX, offers a premier ground lease or potential purchase opportunity on 1.54 acres of retail-zoned land. Situated next to high-traffic national retailers such as Walmart Supercenter, ALDI, Walgreens, Hobby Lobby, Starbucks, Panda Express, Applebee’s, and Wendy’s, this site is positioned for maximum visibility and foot traffic.

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use Commercial
  • Listing ID: 33157021

  • Date on Market: 16/09/2024

  • Last Updated:

  • Address: 103 Wesley Dr, Palestine, TX 75801

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