Fully Leased Shopping
For Sale
Contact for pricing
220 Crestway Street, Athens, TX 75751
Two established commercial buildings combine restaurant, retail, and professional office occupancy under Commercial Retail zoning.
Property Size20,590 SF
Price / SF$199.75
Days on Market56
Property Features for 220 Crestway Street
General Information
Standard status
Active
Size
20,590 SF
Property subtype
Retail
Zoning
Commercial Retail
Occupancy
100%
Lease Type
Gross
Building Details
Year Built
2008
Buildings
2
Units
8
Tenancy
Single
Listing Agency:
Stewart & Mcgee
Listed By:
Julie Stewart · License #TX 0391806
(903) 368-2277
Source:
Crexi
Added: Aug 25
Changed: Oct 5
Last Checked: Oct 19 at 3:55AM
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 Stewart & Mcgee
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Investment Insights
Based on property information with market context.
This 20,590-square-foot shopping center consists of two commercial buildings at 210 and 220 Crestway Street, constructed in 2008. The property is 100% leased and includes a varied tenant roster spanning restaurants, retail businesses, and professional offices. Restaurant occupants include Domino’s, Kia Asian, and Roost, while the office component includes a dental practice and a home health provider. Retail occupants include Buddy’s, a smoke shop, a nail salon, and a hair salon.
The property is located in Athens, Texas, with access from Crestway Street. Commercial Retail zoning supports the center’s existing commercial configuration. The combination of two buildings and multiple business categories creates a diversified occupancy profile within a single retail-oriented asset.
The property is located in Athens, Texas, with access from Crestway Street. Commercial Retail zoning supports the center’s existing commercial configuration. The combination of two buildings and multiple business categories creates a diversified occupancy profile within a single retail-oriented asset.
Key Highlights
- 20,590‑square‑foot shopping center comprising two commercial buildings
- 100% leased across restaurant, retail, and professional office uses
- Buildings located at 210 and 220 Crestway Street in Athens, Texas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$366,173
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,323,460
$7.3M
Cap Rate 7%
$5,231,043
$5.2M
Cap Rate 9%
$4,068,589
$4.1M
Market Conditions
NOI Build-Up for 20,590 SF
Gross rent
$513.9K $24.96/SF
− Vacancy
−$25.7K −$1.25/SF
EGI
$488.2K $23.71/SF
− OpEx
−$122.1K −$5.93/SF
NOI
$366.2K $17.78/SF
Area
Henderson County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,323,460
Cap Rate 7%
$5,231,043
Cap Rate 9%
$4,068,589
Alternative Uses
Best Use
Specialty Retail
$5.23M
$4.58M – $6.10M
NOI $366,173 @ 7.0% cap · market cap 8.90%
Second Best
Retail
$4.04M
$3.53M – $4.71M
NOI $282,482 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$7.24M
$6.34M – $8.45M
NOI $507,008 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Similar Off Market Nearby
- Lone Star Plaza — 1120 TX-7 Loop, Athens, TX 75752
- Lone Star Plaza / Wilkes Family Enterprise LLC. — 1120 S TX-7 Loop #7, Athens, TX 75752
Frequently Asked Questions
What type of property is this?
Shopping center - Two established commercial buildings combine restaurant, retail, and professional office occupancy under Commercial Retail zoning.
Where is this shopping center located?
The property is located at 220 Crestway Street Athens, TX.
What is the asking price?
The asking price for this property is $4,112,903.
What are key features of this property?
This property features: 20,590‑square‑foot shopping center comprising two commercial buildings; 100% leased across restaurant, retail, and professional office uses; Buildings located at 210 and 220 Crestway Street in Athens, Texas
