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106 E Princeton Dr 3,000 SF Retail Building Princeton, TX 75407 $1,450,000 ($483.33/SF)
INVESTMENT HIGHLIGHTS
- Princeton ranks within the top 5 fastest growing cities in the nation as of 2024.
- The average household income in Princeton is $105,589 - worldpopulationreview.com
- Population growth between 80,000 and 65,000 within next 10 years.
- Need for medical, professional and child related activities
- Population has grown by 103% in last 10 years with current population of 31,523 according to worldpopulationreview.com
- 36,000+ Vehicles daily along 380
EXECUTIVE SUMMARY
Do not let the Price PSF based on 3,000sf determine interest in this property as you can build an additional 5,000sf single story building (zoning says it allows for 2 stories even so) building for all types of uses included upper floor residential uses!
Rare opportunity to own almost 1 acre in the heart of Princeton directly on 380 with additional access off McGee St!
This 45' x 75' iron frame building is currently being utilized as a place worship with an 111 seat worship room, 3 rooms, 2 bathrooms, 1 break room and sound room. Its wonderful layout and additional lot for parking make it a perfect fit for an events center, childrens day care, private school, fitness center, vehicle related uses or as its present use, a place of worship. The building can easily be utilized for single space or multi space medical, retail or professional office.
Building underwent major cosmetic, plumbing & electrical renovations in 2014. Ceiling height 10' on sides and 12' middle.
Rare opportunity to own almost 1 acre in the heart of Princeton directly on 380 with additional access off McGee St!
This 45' x 75' iron frame building is currently being utilized as a place worship with an 111 seat worship room, 3 rooms, 2 bathrooms, 1 break room and sound room. Its wonderful layout and additional lot for parking make it a perfect fit for an events center, childrens day care, private school, fitness center, vehicle related uses or as its present use, a place of worship. The building can easily be utilized for single space or multi space medical, retail or professional office.
Building underwent major cosmetic, plumbing & electrical renovations in 2014. Ceiling height 10' on sides and 12' middle.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Building Class
C
Year Built/Renovated
1986/2014
Price
$1,450,000
Price Per SF
$483.33
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.28 AC
Zoning
C1/C2 - within Downtown Overlay District which allows for same uses including some vehicle related with slightly different development standards.
Frontage
86’ on East Princeton Drive
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R-6957-006-1470-1 | Improvements Assessment | $74,474 |
| Land Assessment | $252,640 | Total Assessment | $327,114 |
PROPERTY TAXES
Parcel Number
R-6957-006-1470-1
Land Assessment
$252,640
Improvements Assessment
$74,474
Total Assessment
$327,114
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106 E Princeton Dr
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