Retail Storefront With
For Sale
$999,000
220 S Palestine St, Athens, TX 75751
COMMERCIAL - Athens, TX
Property Size3,900 SF
Lot Size0.78 Acres
Price / SF$256.15
Days on Market486
Property Features for 220 S Palestine St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Retail
Subdivision
Henderson
Standard status
Active
APN
3340.0016.0020.01
Size
3,900 SF
Lot size
0.78 Acres
Taxes and HOA fees
Tax Description
Lots 2,3,4B, Block 16, Large Lots
Legal Description
Lots 2,3,4B, Block 16, Large Lots
Building Details
Year built
2012
Listing Agency:
Steve Grant Real Estate, LLC.
(903) 675-3503
Listed By:
Patricia McGuffey
(903) 681-3530
Added: Apr 8, 2025
Changed: Aug 4
Last Checked: Aug 6 at 1:06AM
MLS# 108743
Copyright © 2026 Henderson County Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,900 SF retail storefront, built in 2012, is divided into two distinct areas: a 1,500 SF north-side space leased to Treehouse Cupcakes and a 2,400 SF south-side space available for occupancy. The property has a prior restaurant operating history and includes concrete parking with drive-through capability. Retail zoning supports the property’s commercial positioning.
The site occupies 0.78 acre, or 30,840 SF, at 220 S Palestine St in Athens. It provides 177 ft of frontage on S. Palestine St. and records a traffic count of 12,379 daily, per TXDOT. The building is located 2.5 blocks from the courthouse square and across from Schlotzsky's, a hardware store, and a furniture store.
The site occupies 0.78 acre, or 30,840 SF, at 220 S Palestine St in Athens. It provides 177 ft of frontage on S. Palestine St. and records a traffic count of 12,379 daily, per TXDOT. The building is located 2.5 blocks from the courthouse square and across from Schlotzsky's, a hardware store, and a furniture store.
Key Highlights
- 3,900 SF commercial building built in 2012
- 1,500 SF north side leased to Treehouse Cupcakes; 2,400 SF south side available
- 0.78 acre site (30,840 SF) with 177 ft frontage on S. Palestine St.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.3k | $24.96 |
| − Vacancy | −$4.9k | −$1.25 |
| EGI | $92.5k | $23.71 |
| − OpEx | −$23.1k | −$5.93 |
| NOI | $69.4k | $17.78 |
3,900 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$990.8K
$867.0K – $1.16M
NOI $69,358 @ 7.0% cap · market cap 6.94%
Second Best
Retail
$764.4K
$668.8K – $891.8K
NOI $53,506 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,034 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12,379 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
864
Businesses Nearby
75k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 34%
Groceries 12%
Electronics 4%
Taco Bell
Dining
17,318 visits/mo
0.2 miles
Exxon
Shops & Services
12,106 visits/mo
0.2 miles
Piggly Wiggly
Groceries
8,693 visits/mo
0.4 miles
Family Dollar
Shops & Services
6,605 visits/mo
0.4 miles
Cinnabon
Dining
4,645 visits/mo
0.1 miles
Demographics for 75751, TX
17,100
Population
7,432
Households
2.3
Avg Household Size
39
Median Age
20%
College-Educated
85%
High-School Grad
180.4 sq mi
ZIP Area
95
Density / Sq Mi
$71,524
Median Household Income
$31,897
Median Earnings
$1,063
Median Rent
$205,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- KC Party Supply & Always In Bloom — 407 E Tyler St, Athens, TX 75751
Frequently Asked Questions
What type of property is this?
Storefront property - Retail-zoned building with concrete parking, flexible commercial space, and drive-through capability.
Where is this storefront property located?
The property is located at 220 S Palestine St Athens, TX.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 3,900 SF commercial building built in 2012; 1,500 SF north side leased to Treehouse Cupcakes; 2,400 SF south side available; 0.78 acre site (30,840 SF) with 177 ft frontage on S. Palestine St.
