123 W Princeton Dr - Storefront Retail/Office FOR SALE


Princeton, TX 75407
$2,345,000 USD
940-228-6221
123 W Princeton Dr, Princeton, TX for Sale
$2,345,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | 6.2% Cap Rate

123 W Princeton Dr
Princeton, TX 75407


HIGHLIGHTS

  • 3,786sf offering open floorplan currently used as showroom available for owner occupancy or tenant remain until August 2027.
  • Princeton ranks within the top 5 fastest growing cities in the nation as of 2024.
  • Need for medical, professional, neighborhood services and child related activities.
  • Flexible open floorplan allows for easy modification and multiuse space.
  • Current rents are below market rate.
  • $100,000+ in recent capital improvements. Roof 2025 HVAC units 2022

OVERVIEW

Built in 2005 and refreshed in 2022-2023 the approximately 6,784 SF building sits on roughly 0.55 acres and features an open, adaptable floor plan that can accommodate a variety of retail, showroom, office, medical, professional service, or other commercial uses. Zoned C-2, the property offers flexibility for both current operations and future repositioning. The existing layout provides substantial open space along with private rooms, service areas, and multiple points of access, allowing a new owner to configure the space to fit their specific needs. Conveniently positioned on 380 near established retail, residential neighborhoods, schools, and major transportation routes, the property benefits from Princeton’s rapid population growth and continued infrastructure investment. An excellent opportunity to establish a high-visibility business location or reposition the property for future growth.

FOR SALE DETAILS

PRICE

$2,345,000 USD

PRICE/SF

$346 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

C-2

APN/PARCEL ID

R-9620-00A-01R1-1

ASK ABOUT THIS PROPERTY

Christopher DiGinoCompass RE Texas LLCMore Info
940-228-6221

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Christopher DiGinoCompass RE Texas LLCMore Info
940-228-6221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.