0 S US-79 Highway
About This Property
Discover a 55.797-acre land acquisition opportunity located just south of Palestine, Texas, in Anderson County, adjacent to the Walmart Distribution Center.
This expansive, irregularly shaped tract includes its own strip of land connecting directly to US Highway 79. According to appraisal district mapping, the access strip measures approximately 173 feet and 123 feet wide at different sections. The entrance is currently unimproved.
The property features generally level terrain, electricity available, and water reported as available. Its substantial acreage and proximity to an established distribution facility offer an opportunity for investors and developers evaluating potential industrial, logistics, or commercial uses.
Currently classified for agricultural use. Buyers should independently verify property boundaries, access dimensions, highway entrance approvals, permitted uses, utility availability and capacity, and development feasibility.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 8, 2026 | Listed by Oscar Verdin & Associates Real | $850,000 | |
| Listed by Oscar Verdin & Associates Real | |||
| Jun 4, 2026 | No longer available | - | |
| No longer available | |||
| Apr 17, 2026 | No longer available | - | |
| No longer available | |||
| Feb 2, 2026 | Price Decreased |
$52,000
↓ $10K
(16.1%) | |
| Price Decreased | |||
| Dec 3, 2025 | Listed by Pathway To Home Realty | $62,000 | |
| Listed by Pathway To Home Realty | |||
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Experience the opportunity to own 1.80 acres in a highly desirable Jacksonville location positioned at the corner of US Highway 79 and County Road 4215. This property offers exceptional visibility, convenient access, and a valuable footprint that can support a wide range of uses. Whether you are seeking a place to build your home, set a manufactured home, or simply invest in land in a growing area, this tract delivers the flexibility you need.
The corner positioning provides a unique advantage with direct exposure to a major highway while still offering the peaceful feel of rural East Texas. The land offers plenty of open space, giving you the freedom to design your layout, add improvements, and create the setting that fits your vision. Its strategic location places you just minutes from Jacksonville amenities including shopping, schools, restaurants, and essential services while also keeping you connected to nearby towns through established roadway access.
With an impressive combination of accessibility, visibility, and usability this property is ideal for a personal homestead recreational use or long term investment. Opportunities like this do not come often especially in such a well traveled and convenient location. Take advantage of the chance to secure a versatile piece of land in a growing region of Cherokee County and begin planning the future you envision.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017