Back to Search
High-Visibility Retail Building in Athens

220 S Palestine St Athens, TX 75751

220 S Palestine St, Athens, TX, 75751
$1,300,000
For Sale
Claim this Listing
$1,300,000

COMMERCIAL - Athens, TX

Property Size3,900 SF
Lot Size0.78 Acres
Price / SF$333.33
AddedApr 8, 2025
Days on Market464
Last RefreshJul 15 at 6:06 pm

Property Features for 220 S Palestine St

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
Retail
Standard status
Active
APN
3340.0016.0020.01
Size
3,900 SF
Lot size
0.78 Acres

Taxes and HOA fees

Tax Description
Lots 2,3,4B, Block 16, Large Lots

Building Details

Year built
2012

Listing agent Patricia McGuffey

Listing office Steve Grant Real Estate, LLC. 406 E Corsicana St # 350, ATHENS, TX

Listing date Apr 8, 2025

MLS# 108743

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.

This 3,900 SF commercial building is located just 2.5 blocks from the courthouse square in Athens, TX, offering high visibility and traffic. The property, zoned for retail use, is suitable for a range of businesses. The building includes approximately 3,900 SF of total space, with 1,500 SF on the north side currently leased to Treehouse Cupcakes. The south side offers 2,400 SF of available space. The property features concrete parking with drive-thru capability and sits on a 0.78-acre lot (30,840 SF) with 177 ft of frontage on S. Palestine. Traffic count is 10,552 daily. The location is across from Schlotzsky's, a hardware store, and a furniture store. Previously home to two restaurants, this property is ideal for retail, dining, or service businesses.

Key Highlights

  • High Visibility and Traffic: Located on S. Palestine with a significant 10,552 daily traffic count.
  • Prime Commercial Location: Situated just 2.5 blocks from the courthouse square and across from established businesses.
  • Flexible Space: Benefit from 3,900 SF of total space zoned for retail, suitable for various business types.

Local Financial Insights For Specialty 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 $97.3k $24.96
− Vacancy −$4.9k −$1.25
EGI $92.5k $23.71
− OpEx −$23.1k −$5.93
NOI $69.4k $17.78
3,900 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$990.8K
$867.0K – $1.16M (±1% cap)
NOI $69,358 @ 7.0% cap · market cap 5.34%
Second Best
Retail
$764.4K
$668.8K – $891.8K (±1% cap)
NOI $53,506 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M (±1% cap)
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

Suggested Use

Gym & Fitness Center Skin Care Clinic Daycare Center Veterinary Clinic Electrical Service (Bike/Boat/Book/etc) Store Acupuncture Florist Butcher (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Retail space - 3,900 SF commercial building in high-traffic area of Athens.
Where is this retail space located?
The property is located at 220 S Palestine St 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 a significant 10,552 daily traffic count.; Prime Commercial Location: Situated just 2.5 blocks from the courthouse square and across from established businesses.; Flexible Space: Benefit from 3,900 SF of total space zoned for retail, suitable for various business types.
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