This property is a great investment potential whether you are looking to buy and hold or develop into some commercial use with close proximity to Frankston, Tyler, and Lake Palestine. The property has great road frontage along SH 155. Currently, the property is a timber investment with a good stand of pine timber that has already had some thinning as part of a management plan. A buy and hold plan could implement timber management with future harvest income and still hold value as a potential commercial property. This property is part of a larger parcel being offered as 21 individual tracts, ranging from 20 to 94.5 acres.
This property is a great investment potential whether you are looking to buy and hold or develop into some commercial use with close proximity to Frankston, Tyler, and Lake Palestine. The property has great road frontage along SH 155. Currently, the property is a timber investment with a good stand of pine timber that has already had some thinning as part of a management plan. A buy and hold plan could implement timber management with future harvest income and still hold value as a potential commercial property. This property is part of a larger parcel being offered as 21 individual tracts, ranging from 20 to 94.5 acres.
5.189 ACRES of prime real estate, located a stone's throw from Lake Palestine! This property has unlimited potential to build your dream home, homestead, or use as an investment to develop and subdivide!
Imagine! 22.38 private, wooded acres on Caney Bay at Lake Palestine with mature pines and hardwoods and a spring fed creek that feels very secluded yet is minutes from town. This lakeside woodland retreat is perfect for a private residence with a spectacular home setting on an elevated part of the land overlooking the water. Deer, fox, and a multitude of waterfowl share use of this property! There is a wildlife program currently in place that could be continued along with timber management. This would also be a fabulous tract for recreational use---build yourself a boathouse and a getaway cabin in the woods! Opportunities to own acreage on the Lake are few and far between, don't let this one get away from you!
LAND ONLY!! lot # 566 in Brierwood Bay community close to Lake Palestine, old mobile home has been removed and have electricity, water and septic ready to put a new mobile home, Rent to Own Lease Purchase program available with $180 monthly payment at 10 years term or $300 monthly payment at 5 years term options. $1000 attorney fee for finance title and $1200 to get started, POA fee $30 yearly
Frankston is located in Texas. Frankston, Texas has a population of 1,399. Frankston is less family-centric than the surrounding county with 6.65% of the households containing married families with children. The county average for households married with children is 28.62%.
The median household income in Frankston, Texas is $53,750. The median household income for the surrounding county is $49,736 compared to the national median of $69,021. The median age of people living in Frankston is 48.5 years.
The average high temperature in July is 92.8 degrees, with an average low temperature in January of 35 degrees. The average rainfall is approximately 45.3 inches per year, with 0.6 inches of snow per year.