506 Richardson StAthens, TX 75751

  • Commercial real estate
  • 2,268 SF
For Sale
$159,500 View listing

Property Details for 506 Richardson St

Lot size
0.29 AC
Property size (Sq ft)
2,268 SF
Property type
Commercial real estate
APN
3760-0291-0040-01
APU
37600291004001

Description

This exceptional 2,268 square foot office building is situated on a 0.29-acre lot at 506 Richardson Street in Athens, Texas. Its prime corner location places it within a thriving mixed-use area, blending light commercial, medical, and residential properties. The building's zoning is designated MF-5 by the City of Athens, offering considerable flexibility for a variety of business uses. The interior layout is well-designed and functional, featuring a welcoming reception area with its own office space, complemented by six additional private offices. This configuration provides ample space for a growing business or a multi-tenant occupancy. The building presents a fantastic opportunity for entrepreneurs, established businesses, or investors seeking a strong foothold in a dynamic and convenient location. The property's size and zoning make it suitable for a range of professional services, medical practices, or even creative businesses. Its strategic placement within a mixed-use neighborhood ensures high visibility and accessibility for clients and employees. The asking price of $159,500 represents a compelling investment in a property with significant potential for return. This is a rare opportunity to acquire a well-maintained and versatile office building in a desirable area of Athens, Texas. Don't miss out on this chance to secure a valuable asset in a thriving community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $571,706
    Hospitality
    $523,679
    Educational
    $435,695
    Medical
    $450,679
    Retail
    $677,748

Location Insight

City
Athens
County
Henderson
State
Texas
Latitude
32.1909
Longitude
-95.8487
CBSA code
11980
CBSA name
ATHENS, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,296
$24,916
$81,315
$106,231
-
$24,916
$81,315
$106,231

FAQs

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