Versatile Retail
406 Lindsey Lane Athens, TX 75751
For Sale
$259,000
SINGLE_FAMILY - Athens, TX
Property Size2,710 SF
Lot Size0.51 Acres
Price / SF$95.57
Days on Market71
Property Features for 406 Lindsey Lane
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- APN
- 37600010015001
- Lot size
- 0.51 Acres
Taxes and HOA fees
- Tax Description
- AB 782 T PARMER SUR, PARK HIGHLANDS, BLK 10 L
- Tax Annual Amount
- 2830
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete, Combination
- Building materials
- Brick
- Roof type
- Composition
Listing Agency:
Steve Grant Realty LLC
(903) 675-3503
Listed By:
Trish Mcguffey · License #0472383
(903) 675-3503
Added: May 15
Changed: Jul 10
Last Checked: Jul 24 at 10:06AM
MLS# 21271685
Copyright © 2026 North Texas Real Estate Information Systems, Inc. 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 versatile retail building is ready to be transformed for your business, with approximately 2,710 SF of space and a lot size of about 0.505 acres. It’s currently described as suitable for a variety of uses, including a beauty salon, office building, retail store, or warehouse, depending on how you plan to configure the space.
The property is located at 406 Lindsey Lane in Athens, Texas (75751) in Henderson County. Per the current information provided, the property is zoned retail at present.
If you’re looking for a commercial building that can be adapted to your concept, this is a straightforward starting point given the on-site size, lot footprint, and current retail zoning status.
The property is located at 406 Lindsey Lane in Athens, Texas (75751) in Henderson County. Per the current information provided, the property is zoned retail at present.
If you’re looking for a commercial building that can be adapted to your concept, this is a straightforward starting point given the on-site size, lot footprint, and current retail zoning status.
Key Highlights
- 2710 SF commercial building with existing structure ready for conversion to multiple business uses
- Currently zoned retail at present
- Brick construction with composition shingle roof
Financial Insights For Warehouse
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 | $22.1k | $8.16 |
| − Vacancy | −$2.3k | −$0.83 |
| EGI | $19.9k | $7.33 |
| − OpEx | −$3.0k | −$1.10 |
| NOI | $16.9k | $6.23 |
2,710 SF · lease $8.16/SF/yr · vacancy 10.20% · expense 15.00%
Alternative Uses
Best Use
Retail
$531.1K
$464.8K – $619.7K
NOI $37,180 @ 7.0% cap · market cap 14.36%
Second Best
Warehouse
$241.1K
$211.0K – $281.3K
NOI $16,879 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$953.3K
$834.1K – $1.11M
NOI $66,731 @ 7.0% cap · market cap 25.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Diet Center
Weight Loss Service
The Salty Llama
Hair Salon
Fidelity Barber Shop ...
Barber Shop
FAQs
What type of property is this?
Retail space - Zoned retail, this 2,710 SF building sits on about half an acre and offers flexible reconfiguration options.
Where is this retail space located?
The property is located at 406 Lindsey Lane Athens, TX.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 2710 SF commercial building with existing structure ready for conversion to multiple business uses; Currently zoned retail at present; Brick construction with composition shingle roof
