High-Visibility Commercial Building For
220 S Palestine Street Athens, TX 75751
For Sale
$1,300,000
3,900 SF commercial building with high traffic and visibility.
Property Size3,900 SF
Lot Size0.78 Acres
Price / SF$333.33
Days on Market96
Property Features for 220 S Palestine Street
General Information
- Standard status
- Active
- Size
- 3,900 SF
- Lot size
- 0.78 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2012
Listing Agency:
Steve Grant Realty LLC
(903) 675-3503
Listed By:
Trish Mcguffey · License #0472383
(903) 675-3503
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 26 at 5:44PM
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 Steve Grant Realty LLC
Investment Insights
Based on property information with market context.
This 3,900 SF commercial building offers high visibility and traffic, situated 2.5 blocks from the courthouse square. Zoned for retail use, the property is suitable for a range of businesses. The property was previously home to two restaurants. The north side of the building provides 1,500 SF and is currently leased to Treehouse Cupcakes. The south side offers 2,400 SF of available space. The property includes concrete parking with drive-thru capability. The lot size is 0.78 acres (30,840 SF) with 177 ft of frontage on S. Palestine. The location benefits from a traffic count of 10,552 daily (per TXDOT). The property is located across from Schlotzsky's, a hardware store, and a furniture store, making it suitable for retail, dining, or service businesses.
Key Highlights
- High Visibility and Traffic: Located on S. Palestine with 10,552 daily traffic count.
- Prime Commercial Location: Just 2.5 blocks from the courthouse square and across from established businesses.
- Flexible Space: 3,900 SF total space, zoned for retail use.
Financial Insights For Retail
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 | $78.2k | $20.04 |
| − Vacancy | −$1.7k | −$0.44 |
| EGI | $76.4k | $19.60 |
| − OpEx | −$22.9k | −$5.88 |
| NOI | $53.5k | $13.72 |
3,900 SF · lease $20.04/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$764.4K
$668.8K – $891.8K
NOI $53,506 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,034 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Treehouse Cupcakes & Frozen ...
Bakery
Dickey's Barbecue Pit
Restaurant
FAQs
What type of property is this?
Retail space - 3,900 SF commercial building with high traffic and visibility.
Where is this retail space located?
The property is located at 220 S Palestine Street Athens, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: High Visibility and Traffic: Located on S. Palestine with 10,552 daily traffic count.; Prime Commercial Location: Just 2.5 blocks from the courthouse square and across from established businesses.; Flexible Space: 3,900 SF total space, zoned for retail use.
