707 Palestine St Athens, TX 75751-4404

Property Details for 707 Palestine St

Year built

1973

Lot size

0.15 lot acres

Property size

3,328 SF

Property type

Commercial real estate

APN

2050-0106-010A-01

APU

20500106010A01

Description

Exceptional investment opportunity in Athens, TX, featuring two commercial buildings totaling 4,928 square feet on a 6,578 square foot lot. The property, located at 707 and 709 N Palestine St, boasts a prime location in a thriving community, offering easy access to major roadways and local amenities. Building 707, a fully renovated 3,120 square foot structure, includes 11 private offices, a large kitchen, two ADA-compliant restrooms, a furnished lobby, a conference room, a copy room, and a courtyard. Currently, eight of the nine offices are leased. Building 709, encompassing 1,800 square feet, features six private offices, a kitchen area, two ADA-compliant restrooms, a conference room, and an open lobby. This building is also fully leased. Both buildings received new roofs in February 2024. The property features 12 parking spaces and is zoned for commercial use. With an 80% occupancy rate and a Class C designation, this multi-tenant property presents a strong historical performance and rental income, offering significant potential for future value appreciation. The property was built in 1973 and underwent renovations in 2023. This owner/user investment opportunity is offered at $595,000 with a gross lease type. The property's APN is 2050.0106.010A.01, 2050.0106.008A.01.