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Property profile & analytics
FOR SALE
Commercial real estate

6467 Fm 2494 Athens, TX 75751

32,362 SF 1.02 ac lot Built 1994
Individually Owned Free & Clear
Property ID
US82-5173310
Property summary
AI-generated overview

Exceptional investment opportunity: a 44,300 square foot, two-story flex building situated on a 5.23-acre lot in Athens, Texas. This vacant property, classified as Class B, presents a unique chance for owner-users seeking a versatile space. Built in the 1980s or 1990s, the building is zoned for use outside city limits, offering flexibility for various commercial applications, including its previous use as a church and flex space. The property's strategic location in Athens, Texas, provides convenient access to major transportation routes. Athens is situated on US Hwy 31, State Hwy 19, and Hwy 175, offering easy connections to Tyler (36 miles west), Palestine (34 miles north), Dallas (68 miles southeast), and I-20 (24 miles south). This prime location provides access to the broader East Texas region and is approximately an hour's drive from the fifth-largest metroplex in the U.S. The nearest commercial airport is located in Tyler, Smith County, Texas. The asking price for this substantial property is $3,950,000. This represents a significant opportunity for investors seeking a substantial property with high potential for return. The property's size and versatility make it ideal for a range of commercial uses.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1994
Total area 32,362 SF
Lot 1.02 ac (44,431 SF)
APN 2625-0000-0080-00
UPID US82-5173310
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dogwood Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.65M
Comparable Approach Comparable
$1.77M
Blend (final) Blend
$1.71M
Owner & transaction history
DOGWOOD BAPTIST CHURCHATHENS
DOGWOOD BAPTIST CHURCHATHENS
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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