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    810 Palestine St Athens, TX 75751

    For Sale
    $125,000

    Multi-tenant storefront & auto shop, high occupancy.

    Property size:
    2,128 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial property at 810 N Palestine St, Athens, TX 75751 presents a compelling investment opportunity. The 2,128 square foot building, constructed in 1972, sits on a 0.457-acre lot with prominent highway frontage on Hwy 19 N, just outside of downtown. Currently operating at 100% occupancy as a multi-tenant space, including a tire shop with two 8x9 roll-up doors, a retail area, an event room with a bar and entertainment center, and ample storage. A car wash bay and equipment are also present. The flexible floor plan allows for multiple business types to operate simultaneously, either maintaining the current configuration or being opened up for a single large tenant. The 12-foot ceilings provide ample vertical space. The property boasts 12 parking spaces, offering convenient access for customers and employees. Zoned for commercial use, this versatile building offers significant potential for a variety of businesses. The asking price is $125,000, translating to $58.74 per square foot. This is a net lease property. The single-story building is situated in Henderson County and offers a great opportunity for immediate income generation and future growth.

    Property Features for 810 Palestine St

    General Information

    Property type
    Automotive properties
    Square Feet
    2,128 SF
    Lot Size
    19,907 SF

    Building Details

    Year Built
    1972
    Buildings
    1
    Stories
    1

    HighLights

    • Highly adaptable floor plan, suitable for various business configurations.
    • Ample parking: 12 spaces available with additional room.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Henderson
    State
    Texas
    Longitude
    -95.85384367
    Latitude
    32.21268478

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    FAQs

    What type of property is this?
    Automotive property - Multi-tenant storefront & auto shop, high occupancy.
    Where is this automotive property located?
    The property is located at 810 Palestine St Athens, TX.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Highly adaptable floor plan, suitable for various business configurations.; Ample parking: 12 spaces available with additional room.;
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    810 Palestine St Athens, TX 75751
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