Versatile Commercial Building in
406 Lindsey Ln Athens, TX 75751
406 Lindsey Ln, Athens, TX, 75751
$259,000
For Sale
$259,000
2710 SF retail-zoned building suitable for various business types.
Property Size2,710 SF
Price / SF$95.57
Days on Market64
Property Features for 406 Lindsey Ln
General Information
- Standard status
- Active
- Size
- 2,710 SF
Listing Agency
STEVE GRANT REAL ESTATE, LLC
(903) 675-3503
Listed by
Patricia Mcguffey
(903) 675-3503
Source
Exprealty
Added: May 14 Checked: Jul 16 at 11:12 am
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 REAL ESTATE, LLC
Investment Insights
Based on property information with market context.
This 2710 square foot commercial building, currently zoned for retail use, presents various possibilities for transformation to suit different business needs. The property could be adapted for use as a beauty salon, office building, retail store, or warehouse.
Key Highlights
- 2710SF Building Ready to Be Transformed
- Zoned Retail
- Endless Possibilities for Commercial Use
Local Financial Insights For Warehouse
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 | $22.1k | $8.16 |
| − Vacancy | −$2.3k | −$0.83 |
| EGI | $19.9k | $7.33 |
| − OpEx | −$3.0k | −$1.10 |
| NOI | $16.9k | $6.23 |
2,710 SF · lease $8.16/SF/yr · vacancy 10.20% · expense 15.00%
Alternative Uses
Best Use
Office B
$647.6K
$566.6K – $755.5K
NOI $45,330 @ 7.0% cap · market cap 17.50%
Second Best
Retail
$531.1K
$464.8K – $619.7K
NOI $37,180 @ 7.0% cap · market cap 14.36%
Theoretical Best
Office A
$953.3K
$834.1K – $1.11M
NOI $66,731 @ 7.0% cap · market cap 25.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Diet Center
Weight Loss Service
The Salty Llama
Hair Salon
Fidelity Barber Shop ...
Barber Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 2710 SF retail-zoned building suitable for various business types.
Where is this retail space located?
The property is located at 406 Lindsey Ln Athens, TX.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 2710SF Building Ready to Be Transformed; Zoned Retail; Endless Possibilities for Commercial Use
