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School Property with Highway Frontage
For Sale
$399,900

1821 Fm 982, Princeton, TX 75407

CommercialSale, Princeton, TX

Property SizeContact for details
Lot Size0.23 Acres
Days on Market100

Property Features for 1821 Fm 982

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Business
Parking features Paved or Surfaced, Driveway
Subdivision A0957
Lot features Back Yard, Corner Lot, Lawn, Few Trees
Directions From 380 go south on S 2nd street, which will come on to FM 982.
Standard status Active
APN R695700826101
Lot size 0.23 Acres

Taxes and HOA fees

Tax Description ABS A0957 HARDIN WRIGHT SURVEY, SHEET 8, TRAC
Tax Annual Amount 3268
Legal Description ABS A0957 HARDIN WRIGHT SURVEY, SHEET 8, TRAC

Utilities

Sewer type Aerobic Septic
Heating system Electric (Heating)
Cooling system Electric

Amenities

two large living areas
two full bathrooms
laundry room area
full kitchen
underground storm shelter

Building Details

Year built 1965
Floors in Building 1
Number of units 1
Flooring type Laminate, Carpet
Roof type Shingle
Listing Agency: Texas Urban Living Realty
Listed By: Monica Torres · License #0576252
Added: Jun 6 Changed: Sep 12 Last Checked: Sep 13 at 10:06PM
MLS# 21235820

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 school property is currently used for Spanish-language instruction and includes two large living areas, two full bathrooms, a laundry area, and a full kitchen. The interior has carpet and laminate flooring, while electric heating and cooling serve the building. A below-grade storm shelter is also part of the improvements.

The property is located at 1821 FM 982 in Princeton, Texas, with highway frontage and a paved driveway. The site measures 0.23 acres and is served by an aerobic septic system. Additional physical features include a shingle roof and improvements dating to 1965. The existing layout and commercial setting support continued educational use, with retail or office use identified in the property information as potential alternatives.

Key Highlights

  • 0.23‑acre site at 1821 FM 982, Princeton, TX 75407
  • Highway frontage with a paved driveway
  • Currently used for Spanish‑language instruction

Property Analytics

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Current Use

Spanish Tea Time Language School

Suggested Use

Top Pick HVAC Service Big Box & Wholesale Store Plumbing Service Building Supply Storage Facility Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

37
Businesses Nearby

Demographics for 75407, TX

25,738
Population
10,095
Households
2.5
Avg Household Size
32
Median Age
25%
College-Educated
89%
High-School Grad
49.9 sq mi
ZIP Area
516
Density / Sq Mi
$92,076
Median Household Income
$48,912
Median Earnings
$1,867
Median Rent
$307,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
School - Existing improvements include two large living areas, a full kitchen, and two bathrooms.
Where is this school located?
The property is located at 1821 Fm 982 Princeton, TX.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 0.23‑acre site at 1821 FM 982, Princeton, TX 75407; Highway frontage with a paved driveway; Currently used for Spanish‑language instruction
More about this property
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