Two-Story Mixed-Use
New
For Sale
$625,000
108 E Larkin Street, Athens, TX 75751
CommercialSale, Athens, TX
Property Size11,832 SF
Lot Size0.24 Acres
Price / SF$52.82
Days on Market3
Property Features for 108 E Larkin Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot
Subdivision
Athens O T
Lot features
Interior Lot
Directions
From Dallas, take US Hwy 175 to the Athens town square. Turn left on TX Hwy 19 N (aka N. Palestine Street), go one block, and turn left on Larkin Street. The property is on the left.
Standard status
Active
APN
2050.0003.0030.01
Lot size
0.24 Acres
Additional Details
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Description
Lots 3, 2A & 2A1, Athens OT, T Parmer Survey A-782
Legal Description
Lots 3, 2A & 2A1, Athens OT, T Parmer Survey A-782
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Central, Electric (Heating)
Cooling system
Zoned, Electric, Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
1
Flooring type
Vinyl, Carpet, Concrete
Building materials
Brick
Roof type
Asphalt, Tar/Gravel
Buildings
1
Listing Agency:
Steve Grant Realty LLC
Listed By:
Steve Grant · License #0247804
(903) 675-3503
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 31 at 11:06AM
MLS# 21424084
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.
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Investment Insights
Based on property information with market context.
This brick mixed-use property contains approximately 11,832 square feet across two stories. The ground floor has an open layout, while two residential suites occupy the upper level. Interior finishes include concrete, carpet, and vinyl flooring; heating and cooling are central, electric, and zoned. A dedicated parking lot serves the property, which sits on 0.2358 acres. Public water and sewer are available, and the roof is listed as tar/gravel and asphalt.
The building is located in downtown Athens at 108 E Larkin Street. It is zoned Commercial by the City of Athens. Built in 1920, the property combines commercial space below with residential accommodation above.
The building is located in downtown Athens at 108 E Larkin Street. It is zoned Commercial by the City of Athens. Built in 1920, the property combines commercial space below with residential accommodation above.
Key Highlights
- Approximately 11,832 square feet in a two‑story brick building
- Two residential suites on the upper level
- Open commercial layout on the ground floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,046
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$780,920
$780.9K
Cap Rate 7%
$557,800
$557.8K
Cap Rate 9%
$433,844
$433.8K
Market Conditions
NOI Build-Up for 11,832 SF
Gross rent
$71.0K $6.00/SF
− Vacancy
−$8.5K −$0.72/SF
EGI
$62.5K $5.28/SF
− OpEx
−$23.4K −$1.98/SF
NOI
$39.0K $3.30/SF
Area
Henderson County, TX
Vacancy
12.00%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$780,920
Cap Rate 7%
$557,800
Cap Rate 9%
$433,844
Alternative Uses
Best Use
Retail
$2.32M
$2.03M – $2.71M
NOI $162,328 @ 7.0% cap · market cap 25.97%
Second Best
Mixed Use
$557.8K
$488.1K – $650.8K
NOI $39,046 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$4.16M
$3.64M – $4.86M
NOI $291,351 @ 7.0% cap · market cap 46.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
51k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 24%
Apparel 11%
Electronics 6%
Taco Bell
Dining
17,318 visits/mo
0.3 miles
Cinnabon
Dining
4,645 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
3,858 visits/mo
0.5 miles
Goodwill
Apparel
3,195 visits/mo
0.4 miles
Little Caesars Pizza
Dining
3,191 visits/mo
0.5 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two upper-level residential suites complement an open ground-floor commercial space and dedicated parking.
Where is this mixed-use property located?
The property is located at 108 E Larkin Street Athens, TX.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Approximately 11,832 square feet in a two‑story brick building; Two residential suites on the upper level; Open commercial layout on the ground floor
