For Sale
$975,000

117 San Augustine St Center, TX 75935

Class A Office, Apartment, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a meticulously renovated, Class A mixed-use property ideally situated in Center, Texas. The 6,472 square foot building, constructed in 1970 and situated on a 0.099-acre lot (APN 20001), boasts a prime location on the town square. The ground floor comprises 2,805 square feet of newly renovated office space, currently leased to a financial company under a triple-net (NNN) lease with over four years remaining on a five-year term at a rate of $18.00 per square foot plus NNN expenses. Upstairs, a versatile 2,145 square foot space is perfect for a call center, event space, or large office, offering significant leasing or owner-occupancy potential. Completing this multi-tenant property is a 1,415 square foot apartment currently leased for $1,500 per month on a new three-year term. The property is zoned PD and features beautiful contemporary and rustic architectural details. This turnkey investment offers a compelling blend of stable income and future growth potential in a desirable location. The building consists of one structure with two stories. This is a rare opportunity to acquire a high-quality, income-producing asset in a thriving Texas community.

Highlights

  • Prominent location on Center, Texas town square.
  • Newly renovated 2,805 SF ground floor office space.
  • Leased to a financial company on a triple-net (NNN) lease with over four years remaining on a five-year term at $18.00/SF + NNN.
  • 2,145 SF upstairs space ideal for a call center, event space, or large office; available for lease or owner-occupancy.
  • 1,415 SF apartment currently leased for $1,500/month on a new three-year term.

Property Details for 117 San Augustine St

Property type
Office properties
Square Feet
6,472 SF
Class
A
Year Built
1970
Buildings
1
Stories
2
Lot Size (sq. ft)
4,312 SF

Location Insight

City
Center
County
Shelby
State
Texas
Latitude
31.7947389
Longitude
-94.1803556

FAQs

What type of property is this?
Office property - Class A Office, Apartment, High ROI
Where is the office property located?
The property is located at 117 San Augustine St Center, TX.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Prominent location on Center, Texas town square.; Newly renovated 2,805 SF ground floor office space.; Leased to a financial company on a triple-net (NNN) lease with over four years remaining on a five-year term at $18.00/SF + NNN.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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117 San Augustine St
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