High-Visibility Commercial Building For
For Sale
$1,300,000
220 S Palestine Street, Athens, TX 75751
3,900 SF commercial building with high traffic and visibility.
Property Size3,900 SF
Lot Size0.78 Acres
Price / SF$333.33
Days on Market106
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: Aug 5 at 2:31PM
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
864
Businesses Nearby
75k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 34%
Groceries 12%
Electronics 4%
Taco Bell
Dining
17,318 visits/mo
0.2 miles
Exxon
Shops & Services
12,106 visits/mo
0.2 miles
Piggly Wiggly
Groceries
8,693 visits/mo
0.4 miles
Family Dollar
Shops & Services
6,605 visits/mo
0.4 miles
Cinnabon
Dining
4,645 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
