Mixed-Use Building with Upstairs
New
For Sale
$900,000
2702 Lee Street, Greenville, TX 75401
A separate-entry second floor provides residential space above a commercial ground-floor layout.
Property Size3,935 SF
Price / SF$228.72
Days on Market5
Property Features for 2702 Lee Street
General Information
Standard status
Active
Size
3,935 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Corner Location
Yes
Building Details
Building Size
3,935 SF
Year Built
1948
Buildings
1
Stories
2
Units
1
Construction
brick
Listing Agency:
McBrayer Realty Services, Inc.
(972) 235-7400
Listed By:
D'Anna Bates · License #0682958
(214) 491-7842
Source:
Bourquinrealty
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:22PM
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 McBrayer Realty Services, Inc.
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Investment Insights
Based on property information with market context.
Built in 1948, this brick property combines commercial space on the ground floor with residential quarters above. The lower level includes a kitchen, bar area, and bathroom, with a layout previously used as a tavern. Upstairs, a separate entrance leads to a living area overlooking Lee Street, along with 2 bedrooms and 1.5 bathrooms.
The building occupies a corner lot and has entrances at the front and side. Commercial zoning and the two-level configuration support a mix of business and residential space, subject to applicable requirements and approvals.
The building occupies a corner lot and has entrances at the front and side. Commercial zoning and the two-level configuration support a mix of business and residential space, subject to applicable requirements and approvals.
Key Highlights
- 3,935‑square‑foot mixed‑use property built in 1948
- Commercial zoning
- Ground floor includes a kitchen, bar area, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,767
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,355,340
$1.4M
Cap Rate 7%
$968,100
$968.1K
Cap Rate 9%
$752,967
$753.0K
Market Conditions
NOI Build-Up for 3,935 SF
Gross rent
$94.9K $24.12/SF
− Vacancy
−$4.6K −$1.16/SF
EGI
$90.4K $22.96/SF
− OpEx
−$22.6K −$5.74/SF
NOI
$67.8K $17.22/SF
Area
Hunt County, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,355,340
Cap Rate 7%
$968,100
Cap Rate 9%
$752,967
Alternative Uses
Best Use
Specialty Retail
$968.1K
$847.1K – $1.13M
NOI $67,767 @ 7.0% cap · market cap 7.53%
Second Best
Retail
$904.5K
$791.5K – $1.06M
NOI $63,316 @ 7.0% cap · market cap 7.04%
Theoretical Best
Industrial
$3.91M
$3.42M – $4.56M
NOI $273,704 @ 7.0% cap · market cap 30.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Explore this area
Business Placement
Demographics for 75401, TX
19,550
Population
9,067
Households
2.2
Avg Household Size
34
Median Age
14%
College-Educated
82%
High-School Grad
108.1 sq mi
ZIP Area
181
Density / Sq Mi
$57,335
Median Household Income
$33,244
Median Earnings
$1,157
Median Rent
$163,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A separate-entry second floor provides residential space above a commercial ground-floor layout.
Where is this mixed-use property located?
The property is located at 2702 Lee Street Greenville, TX.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 3,935‑square‑foot mixed‑use property built in 1948; Commercial zoning; Ground floor includes a kitchen, bar area, and bathroom
