Back to Search
Downtown Athens Commercial Building

209 S Palestine St Athens, TX 75751

209 S Palestine St, Athens, TX, 75751
$549,000
For Sale
Claim this Listing
$549,000

COMMERCIAL - Athens, TX

Property Size9,100 SF
Lot Size0.58 Acres
Price / SF$60.33
AddedFeb 13, 2025
Days on Market517
Last RefreshJul 15 at 11:06 pm

Property Features for 209 S Palestine St

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
Com
Standard status
Active
APN
2050.0019.005A.01
Size
9,100 SF
Lot size
0.58 Acres

Taxes and HOA fees

Tax Description
Athens Old Town Blk. 19 Lts. 5A,6A & 7A

Listing agent Brad Rummel License #0422393

Listing office Keller Williams Realty - Athens 1206 S. Palestine, Athens, TX

Listing date Feb 13, 2025

MLS# 108368

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.

Located in downtown Athens, this commercial building offers high visibility and versatile space suitable for various business ventures. The property features a total space of 9,100 square feet, including a 4,500-square-foot showroom and office area, ideal for customer-facing operations or professional offices. Additionally, there is a 4,600-square-foot warehouse and shop area, providing spacious and functional space for storage, production, or distribution. The building also includes floored upstairs storage space with a lift for easy access. Situated on a 0.5779-acre lot, this property is suitable for retail, service, or industrial use. The property is zoned for commercial use.

Key Highlights

  • Prime downtown Athens location with high visibility.
  • Versatile space suitable for retail, service, or industrial use.
  • Total of 9,100 SF of usable space.

Local Financial Insights For Industrial

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 $74.3k $8.16
− Vacancy −$6.8k −$0.74
EGI $67.5k $7.42
− OpEx −$20.2k −$2.23
NOI $47.2k $5.19
9,100 SF · lease $8.16/SF/yr · vacancy 9.10% · expense 30.00%

Alternative Uses

Best Use
Office B
$2.17M
$1.90M – $2.54M (±1% cap)
NOI $152,216 @ 7.0% cap · market cap 27.73%
Second Best
Retail
$1.78M
$1.56M – $2.08M (±1% cap)
NOI $124,846 @ 7.0% cap · market cap 22.74%
Theoretical Best
Office A
$3.20M
$2.80M – $3.73M (±1% cap)
NOI $224,078 @ 7.0% cap · market cap 40.82%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Showrooms

Suggested Use

Skin Care Clinic Dental Office Daycare Center Veterinary Clinic Butcher (Bike/Boat/Book/etc) Store Florist Acupuncture (Bike/Boat/Book/etc) Store Electrical Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - Prime commercial building with showroom, office, and warehouse space.
Where is this mixed-use property located?
The property is located at 209 S Palestine St Athens, TX.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Prime downtown Athens location with high visibility.; Versatile space suitable for retail, service, or industrial use.; Total of 9,100 SF of usable space.
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message