612 N Third Street - Office FOR SALE


Princeton, TX 75407
$550,000 USD
214-578-0087
612 N Third Street, Princeton, TX for Sale
$550,000 USD
Office - FOR SALE
1/52
null | Request Cap Rate

612 N Third Street
Princeton, TX 75407


HIGHLIGHTS

  • Situated on nearly ½ acre with ~1,800 SF, offering functional space, multiple entry points, and on-site parking for operational flexibility
  • Completely rebuilt interior including foundation, framing, walls, electrical, plumbing, and bathrooms—delivering a true “like-new” asset with no defer
  • Outfitted for spa/salon use with kitchen, two restrooms, tankless gas water heater, washer/dryer connections, shampoo bowl hookups, partial shower, wa
  • Fully transitioned to commercial use with permits in place, creating a seamless opportunity for immediate occupancy or investment positioning
  • Video: https://youtube.com/shorts/EUtOSiNA_Xg?si=cRmob6nZmsz86O7O
  • Property website: https://buildout.com/website/213mckinneyave

OVERVIEW

Situated on almost 1/2 acre with approximately 1800 SF of space, this property has been fully permitted and transitioned from residential to commercial use, offering a seamless opportunity for immediate occupancy or investment. Completely rebuilt from the ground up, the interior features all-new foundation, framing, walls, bathrooms, electrical, and plumbing—delivering a true “like-new” asset with no deferred maintenance. With every interior component newly constructed, the property is move-in ready for an owner-user or tenant, minimizing downtime and upfront capital expenditures. The recent renovation was performed for a spa/salon/massage therapy business, and includes a kitchen, two restrooms, tankless gas water heater, washer & dryer connections, two shampoo bowl connections, a partially completed shower, ample storage areas, waiting area, three points of entry, and parking area. Strategically positioned in the downtown district at the southwest corner of McKinney Avenue and N Third Street, the site benefits from strong visibility, accessibility, and corner presence—key drivers for long-term value. Ideal for a salon-spa, retail boutique, café, office, short-term residential such as an AirBnB, or future redevelopment, this property offers both immediate functionality and long-term upside in a high-exposure location. Please review the Commercial Property Condition Statement and Offering Memorandum for additional details. Prospective buyers and their representatives are responsible for conducting their own due diligence, which includes consulting with authorities, confirming access to utilities, and zoning confirmation. This information is not to be considered a substitute for professional guidance and independent verification.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$306 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

SF-1 / DT-C(Dwntwn Core)

APN/PARCEL ID

R-0952-013-001R-1,R-0952-013-002R-1

ASK ABOUT THIS PROPERTY

Angela HarwellColdwell Banker Commercial Apex RealtorsMore Info
214-578-0087

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Angela HarwellColdwell Banker Commercial Apex RealtorsMore Info
214-578-0087

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