117 San Augustine St Center, TX 75935-3951

Property Details for 117 San Augustine St

Year built

1970

Lot size

0.10 lot acres

Property size

6,930 SF

Property type

Commercial real estate

APN

R20001

APU

R20001

Description

This exceptional investment opportunity presents a newly renovated, 6,472 square foot Class A office complex situated on a prominent 0.1-acre lot in the heart of Center, TX. The property boasts a unique blend of contemporary and rustic architecture, reflecting a high standard of finish throughout. The building is zoned PD and offers a diverse range of income-generating spaces. The ground floor comprises 2,805 square feet of office space currently leased to a financial company under a triple-net (NNN) lease with a new 5-year term and over 4 years remaining. The lease generates $18.00 per square foot plus NNN expenses. Upstairs, a versatile 2,145 square foot space is ideal for a call center, event space, or large office, offering significant leasing potential or owner-occupancy. Adding to the property's income stream is a 1,415 square foot apartment currently leased for $1,500 per month on a new 3-year term. This multi-faceted property offers a compelling combination of stable income from existing leases and significant upside potential from the flexible upstairs space, making it an attractive investment in a desirable downtown location. The property's prime location on the square ensures high visibility and accessibility. This is a rare opportunity to acquire a high-quality, income-producing asset in a thriving Texas market. The asking price is $975,000.

Location Insight

City

Center

County

Shelby

State

Texas

Longitude

-94.1804

Latitude

31.7947

Property Tax & Assessments