Downtown Athens Commercial
209 S Palestine Street Athens, TX 75751
209 S Palestine Street, Athens, TX, 75751
$549,000
For Sale
$549,000
Prime commercial building with showroom, office, and warehouse space.
Property Size9,100 SF
Price / SF$60.33
Days on Market91
Property Features for 209 S Palestine Street
General Information
- Standard status
- Active
- Size
- 9,100 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1970
Listing Agency
Keller Williams Realty Athens
(972) 772-7000
Listed by
Bradford Rummel · License #0422393
(903) 681-3347
Source
Signaturere
Added: Apr 22 Updated: Jul 10 at 1:18 pm Checked: Jul 20 at 4:41 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Athens
Investment Insights
Based on property information with market context.
Located in downtown Athens, this commercial building offers a total of 9,100 square feet of versatile space. The property includes 4,500 square feet designated as showroom and office space, suitable for customer-facing operations or professional offices. An additional 4,600 square feet is configured as warehouse and shop area, providing spacious and functional areas for storage, production, or distribution. The building also features floored upstairs storage space with a lift for accessibility. This property is positioned to provide high visibility and is suitable for retail, service, or industrial use.
Key Highlights
- Prime downtown Athens location with high visibility
- Versatile space suitable for retail, service, or industrial use
- Total of 9,100 SF including showroom, office, warehouse, and shop areas
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
NOI $152,216 @ 7.0% cap · market cap 27.73%
Second Best
Retail
$1.78M
$1.56M – $2.08M
NOI $124,846 @ 7.0% cap · market cap 22.74%
Theoretical Best
Office A
$3.20M
$2.80M – $3.73M
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
Similar For Sale Nearby
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 Street 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 including showroom, office, warehouse, and shop areas
