Two-Suite Retail/Restaurant
220 S Palestine Street Athens, TX 75751
220 S Palestine Street, Athens, TX, 75751
$1,300,000
For Sale
$1,300,000
SINGLE_FAMILY - Athens, TX
Property Size3,900 SF
Lot Size0.71 Acres
Price / SF$333.33
Days on Market130
Property Features for 220 S Palestine Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 33400016002001
- Lot size
- 0.71 Acres
Taxes and HOA fees
- Tax Description
- AB 782 T PARMER SUR, LARGE LOTS BLK 16 LTS 2,
- Tax Annual Amount
- 12900
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air, Ceiling Fan(s), Electric
- Water source
- Public
Building Details
- Year built
- 2012
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Concrete
- Building materials
- MetalSiding, Rock, Stone, Stucco
- Roof type
- Metal
Listing Agency
Steve Grant Realty LLC
(903) 675-3503
Athens, TX
Listed by
Trish Mcguffey · License #0472383
(903) 675-3503
Added: Mar 11 Checked: Jul 18 at 5:06 am
MLS# 20898867
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 commercial building offers a two-part layout totaling 3,900 SF. The north side provides 1,500 SF and is currently leased to Treehouse Cupcakes, while the south side offers 2,400 SF available for new occupancy. The property also includes concrete parking with drive-thru capability.
Located at 220 S Palestine Street in Athens, TX, the site features approximately 177 feet of frontage on S. Palestine. Public remarks also note a daily traffic count of 10,552 (per TXDOT) and proximity to the courthouse square (about 2.5 blocks). The area includes nearby businesses including Schlotzsky’s, a hardware store, and a furniture store.
The building is described as zoned for retail use, supporting a range of storefront and service-oriented concepts.
Located at 220 S Palestine Street in Athens, TX, the site features approximately 177 feet of frontage on S. Palestine. Public remarks also note a daily traffic count of 10,552 (per TXDOT) and proximity to the courthouse square (about 2.5 blocks). The area includes nearby businesses including Schlotzsky’s, a hardware store, and a furniture store.
The building is described as zoned for retail use, supporting a range of storefront and service-oriented concepts.
Key Highlights
- 3,900 SF commercial building with retail zoning; previously used for two restaurants
- Split layout: 1,500 SF (north side) leased to Treehouse Cupcakes; 2,400 SF (south side) available
- 0.78‑acre lot (30,840 SF) with 177 ft frontage on S. Palestine
Local 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
Similar For Sale Nearby
Similar Off Market Nearby
- KC Party Supply & Always In Bloom — 407 E Tyler St, Athens, TX 75751
FAQs
What type of property is this?
Storefront property - Commercial building with two sides and drive-thru-capable concrete parking, totaling 3,900 SF.
Where is this storefront property 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: 3,900 SF commercial building with retail zoning; previously used for two restaurants; Split layout: 1,500 SF (north side) leased to Treehouse Cupcakes; 2,400 SF (south side) available; 0.78‑acre lot (30,840 SF) with 177 ft frontage on S. Palestine
