Prime Commercial Building with
209 S Palestine Street Athens, TX 75751
209 S Palestine Street, Athens, TX, 75751
$549,000
For Sale
$549,000
SINGLE_FAMILY - Athens, TX
Property Size9,100 SF
Lot Size0.58 Acres
Price / SF$60.33
Days on Market104
Property Features for 209 S Palestine Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking features
- Driveway, Parking Lot
- Standard status
- Active
- APN
- 20500019005A01
- Lot size
- 0.58 Acres
Taxes and HOA fees
- Tax Description
- AB 782 T PARMER SUR, ATHENS O T, BLK 19 LTS 5
- Tax Annual Amount
- 7726
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- SteelSiding
Listing Agency
Keller Williams Realty Athens
(903) 658-8848
Athens, TX
Listed by
Bradford Rummel · License #0422393
(903) 658-8848
Added: Apr 6 Checked: Jul 18 at 5:06 am
MLS# 20893832
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 for-sale commercial building offers a flexible layout with distinct customer-facing and functional areas. Approximately 9,100 SF is divided between a showroom and office component totaling about 4,500 SF and a warehouse and shop area of about 4,600 SF. Additional upstairs storage is floored and accessed via a lift, supporting operations that need both retail/service presence and practical storage or work space in the same facility.
Located at 209 S Palestine Street in Athens, Texas, the property is positioned for strong exposure in a downtown setting. With a lot size of approximately 0.578 acres, it provides a compact, multi-use footprint designed to support a range of business concepts where visibility and utility both matter.
The building’s mix of showroom/office and warehouse-shop space makes it a strong candidate for service-oriented businesses that want a public-facing component alongside everyday operational space. It can also appeal to buyers seeking a versatile commercial asset that can accommodate retail, service, or industrial-style use within one building, with the added benefit of upstairs, lift-accessible storage.
Located at 209 S Palestine Street in Athens, Texas, the property is positioned for strong exposure in a downtown setting. With a lot size of approximately 0.578 acres, it provides a compact, multi-use footprint designed to support a range of business concepts where visibility and utility both matter.
The building’s mix of showroom/office and warehouse-shop space makes it a strong candidate for service-oriented businesses that want a public-facing component alongside everyday operational space. It can also appeal to buyers seeking a versatile commercial asset that can accommodate retail, service, or industrial-style use within one building, with the added benefit of upstairs, lift-accessible storage.
Key Highlights
- 9,100 SF prime commercial building in downtown Athens with showroom/office and warehouse/shop areas
- 4,500 SF showroom and office space for customer‑facing operations or professional offices
- 4,600 SF warehouse and shop area for storage, production, or distribution
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
Retail
$1.78M
$1.56M – $2.08M
NOI $124,846 @ 7.0% cap · market cap 22.74%
Second Best
Flex RnD
$1.37M
$1.20M – $1.60M
NOI $95,823 @ 7.0% cap · market cap 17.45%
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
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Versatile downtown building combines showroom/office, warehouse-shop, and accessible upstairs storage with a lift.
Where is this flex space 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: 9,100 SF prime commercial building in downtown Athens with showroom/office and warehouse/shop areas; 4,500 SF showroom and office space for customer‑facing operations or professional offices; 4,600 SF warehouse and shop area for storage, production, or distribution
