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117 San Augustine St 6,930 SF 67% Leased Office Building Center, TX 75935 $1,200,000 ($173.16/SF) 7.50% Cap Rate
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Investment Highlights
- 117 San Augustine Street is a historical office building nestled in the Downtown Center Historic Square with upside to increase potential returns.
- Easily accessible location positioned directly off Highway 87, and half a mile from TX 7 and Highway 96, providing efficient regional connectivity.
- Immediate income-generating potential with a new tenant lease commencing January 2026 and an extra 2,500 square feet of additional lease-up upside.
- Conveniences lie a mile away, such as Walmart Supercenter, Subway, CVS, McDonald’s, local cafes, numerous hotels, medical centers, and public schools.
Executive Summary
Introducing a prime investment opportunity at 117 San Augustine Street. This 6,930-square-foot, two-unit office building, built in 1970 and tastefully renovated in 2021, offers a compelling blend of historical charm and modern functionality. Zoned PD and ideally located in the vibrant Downtown Center Historic Square, 117 San Augustine Street offers a compelling blend of accessibility, visibility, and long-term downtown appeal.
117 San Augustine Street presents immediate income-generating potential, with a tenant recently signing a five-year lease on January 1, 2026. Owners or investors can benefit from the additional 2,500 square feet upstairs, best suited for a call center or general office space.
117 San Augustine Street is strategically located just off significant East Texas arterial routes, Highways 87 and 96. Enjoy proximity to nationally and locally top-rated retailers, either within walking distance or a short 1-mile drive away. With its versatile layout and strategic location, 117 San Augustine Street offers a clear avenue to capitalize on the thriving demand for office space. Don’t miss out on the chance to add this high-potential asset to your portfolio.
117 San Augustine Street presents immediate income-generating potential, with a tenant recently signing a five-year lease on January 1, 2026. Owners or investors can benefit from the additional 2,500 square feet upstairs, best suited for a call center or general office space.
117 San Augustine Street is strategically located just off significant East Texas arterial routes, Highways 87 and 96. Enjoy proximity to nationally and locally top-rated retailers, either within walking distance or a short 1-mile drive away. With its versatile layout and strategic location, 117 San Augustine Street offers a clear avenue to capitalize on the thriving demand for office space. Don’t miss out on the chance to add this high-potential asset to your portfolio.
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Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
6,930 SF
Building Class
C
Year Built/Renovated
1970/2021
Price
$1,200,000
Price Per SF
$173.16
Cap Rate
7.50%
NOI
$90,000
Percent Leased
67%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,250 SF
Building FAR
1.77
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
PD - Commercial
Amenities
- 24 Hour Access
- Reception
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Demographics
Demographics
1 mile
3 mile
5 mile
2020 Population
3,289
6,905
8,571
2025 Population
3,323
6,995
8,625
Population Growth '20-'25
1.0%
1.3%
0.6%
2020 Households
1,227
2,580
3,195
2025 Households
1,228
2,585
3,180
Household Growth '20-'25
0.1%
0.2%
-0.5%
Average Age
38
39
39
Median Household Income
$49,669
$48,466
$50,329
Daytime Employees
4,602
6,843
7,155
Total Businesses
470
698
764
College Degree + Higher
14%
12%
12%
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Chubby's Fried Chicken-Seafood | Seafood | $$ | 11 min walk |
| Dairy Queen | - | - | 12 min walk |
Retail |
||
|---|---|---|
| United States Postal Service | Business/Copy/Postal Services | 4 min walk |
| CVS Pharmacy | Drug Store | 16 min walk |
Hotels |
|
|---|---|
| Hampton by Hilton |
66 rooms
3 min drive
|
| Best Western Plus |
60 rooms
3 min drive
|
| Sleep Inn |
55 rooms
3 min drive
|
| Holiday Inn Express |
60 rooms
3 min drive
|
Property Taxes
| Parcel Number | R20001 | Improvements Assessment | $214,550 |
| Land Assessment | $9,950 | Total Assessment | $224,500 |
Property Taxes
Parcel Number
R20001
Land Assessment
$9,950
Improvements Assessment
$214,550
Total Assessment
$224,500
Sale Advisor
Sale Advisor
Ron Brown, Principal
Ron came to Texas in 2008 after the financial crisis reset the lending industry and he and his partner shut down their decade old mortgage company. Ron then joined the largest Used Car Dealership in South Texas managing and overseeing financing. In 2016 he earned his Real Estate License where he became a top producer and Broker of the Year in 2022 at MHW Brokerage Services, LLC before branching out with 3 other partners to form their own brokerage: Texas Commercial Realty Group, LLC. At Texas Commercial Realty Group, he joins an Industrial/Flex specialist, a couple of Land specialists that have backgrounds in Oil/Gas Land Man operations, and along with Ron's experience in Retail and Office, the Group makes a formidable team.
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117 San Augustine St
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