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709 N Palestine St

4,928 SF 95% Leased Office Building Athens, TX 75751 £469,455 (£95/SF)

Investment Highlights

  • 4,928 SF office building.
  • 80% occupancy rate.
  • Zoned for Commercial Use.

Executive Summary

Investment Opportunity for two commercial buildings in North Athens on Highway 19. The 707 building is 3,120 square feet (sf) with 11 private offices, large kitchen, 2 ADA restrooms, furnished lobby, conference room, copy room and courtyard. Fully renovated in 2023. Eight out of 9 nine offices are currently leased. Both buildings have new roofs as of 2/2024. The 709 building is 1,6000 sf with 6 private offices, kitchen area, 2 ADA restrooms, conference room, open lobby area from front to back of space and currently leased.
Discover the charming city of Athens, TX – a thriving community filled with Southern hospitality and limitless potential for office and office building investment. Situated among picturesque landscapes and historic landmarks, the area boasts proximity to the Texas Freshwater Fisheries Center and the vibrant Athens Scenic Loop. Embrace the appeal of small-town living while enjoying easy access to modern amenities and major roadways. With a rich heritage, affordable cost of living, and a growing commercial landscape, the location offers a prime opportunity for investment in the heart of East Texas.

Attachments

Sales_Flyer

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,928 SF
Building Class
C
Year Built/Renovated
1973/2023
Price
£469,455
Price Per SF
£95
Percent Leased
95%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
4,928 SF
Building FAR
0.28
Land Acres
0.41 AC
Zoning
Commercial - Commercial
Parking
9 Spaces (1.83 Spaces per 1,000 SF Leased)

Amenities

  • Property Manager on Site
  • Kitchen
  • Reception
  • Central Heating
  • Suspended Ceilings
  • Wi-Fi
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 105
  • 155 SF
  • Office
  • Full Build-Out
  • Now

Private office - $575/month. Includes conference room, full kitchen, copy/fax room and reception area.

  • 1st Fl-Ste 106
  • 94 SF
  • Office
  • Full Build-Out
  • Now

Private office - $495/month. Includes conference room, full kitchen, copy/fax room and reception area.

Space Size Space Use Condition Available
1st Fl-Ste 105 155 SF Office Full Build-Out Now
1st Fl-Ste 106 94 SF Office Full Build-Out Now

1st Fl-Ste 105

Size
155 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 106

Size
94 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 105

Size 155 SF
Space Use Office
Condition Full Build-Out
Available Now

Private office - $575/month. Includes conference room, full kitchen, copy/fax room and reception area.

1st Fl-Ste 106

Size 94 SF
Space Use Office
Condition Full Build-Out
Available Now

Private office - $495/month. Includes conference room, full kitchen, copy/fax room and reception area.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 2050-0106-010A-01
  • 2050-0106-008A-01
Land Assessment
£16,804
Improvements Assessment
£92,452
Total Assessment
£109,256
  • Listing ID: 33078000

  • Date on Market: 05/09/2024

  • Last Updated:

  • Address: 709 N Palestine St, Athens, TX 75751

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