Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Main property image
Days316Days on Market
Views1view
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$240,000

508 W Main St, Palestine, TX, 75801

$312,000 ARVInfo
On MarketInfo
CommercialInfo
Baths5,200 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1900

Highlights

Interior

FlooringConcrete

Exterior

Lot Size5,201 sqft

Building Information

Year Built1900

Land Information

APN34661
Lot Number6,7
SubdivisionRailroad
Land UseCommercial
Legal DescriptionRAILROAD BLOCK B LOT 6 & 7
Census Tract950700
Assessed Land Value$14,300
Assessed Improvement Value$172,664
Assessment Year2025

About this property

Historic Downtown Commercial Opportunity Approx. 13,100 SF Don’t miss this rare opportunity to own two connected commercial buildings in the heart of Downtown Palestine, offering a combined total of approximately 13,100 square feet of versatile space. Built in 1905, these properties boast incredible character, modern functionality, and prime frontage on both W. Main and Spring Street. Take advantage of four potential storefronts, four rollup doors, concrete floors, ample shop lighting, and a flexible mix of open showroom or warehouse space and private offices or rooms. Whether you're looking for retail, warehouse, studio, or investment potential, this property delivers space, visibility, and character in a central location.

Investor Tools

Property Icon
$186,964
Estimated Property Value
$200,993Estimated Mortgage Balance
$15,530Estimated Equity
-8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$312,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,440 /month
Positive
Cash Flow Estimate:
$480 /month

Interested in this property?

Christie Scroggins

Landmark Realty

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$419/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,096
$186,964
2025
$14,300
$172,664
$186,964
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,096
$186,964

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Austin Bank
Open End Mortgage / Open End With Future Advance Clause
$200,993
No
First
Jan 17, 2019
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$171,434
$15,530
8%
92%
$1,206/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Palestine

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

508 W Main St | Property Details | No Agent List