
$125,000
000 Gillespie Road, Palestine, TX, 75801
About this property
Prime 7-acre tract located within the city limits, offering an exceptional opportunity for residential or mixed-use development. All utilities are readily available, streamlining the path for construction and reducing the upfront infrastructure costs. The property features ample space for a variety of development concepts, with convenient access to nearby roads, services and amenities. A transmission line runs along the east side of the property, which may provide a natural boundary for planning or open space integration. Ideal for developers seeking a well-positioned site with strong potential.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Palestine
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