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120 McGee St 1,715 SF Office Building Princeton, TX 75407 $600,000 ($349.85/SF)
Investment Highlights
- Princeton ranks within the top 5 fastest growing cities in the nation as of 2024.
- Population has grown by 103% in last 10 years with current population of 31,523 according to worldpopulationreview.com
- The average household income in Princeton is $105,589 - worldpopulationreview.com
Executive Summary
Excellent freestanding stone & brick building with cast stone accent located just off of 380 behind Princeton Pharmacy. Building has visibility from 380. Open floor plan can easily be demised. Double entrances, 2 bathrooms & 2 hvac/ac units make it easy to split the building in half allowing an owner to occupy a portion and rent out the remainder.
Building is currently tenant occupied until Oct 31, 2026
Building is currently tenant occupied until Oct 31, 2026
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
1,715 SF
Building Class
B
Year Built
2014
Price
$600,000
Price Per SF
$349.85
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,715 SF
Building FAR
0.17
Lot Size
0.23 AC
Zoning
C-1 - Neighborhood Commercial Zone
Parking
8 Spaces (4.66 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Central Heating
- High Ceilings
- Natural Light
- Open-Plan
- Recessed Lighting
- Drop Ceiling
- Air Conditioning
1 1
Property Taxes
| Parcel Number | R-0957-000-0080-1 | Improvements Assessment | $267,288 |
| Land Assessment | $80,000 | Total Assessment | $347,288 |
Property Taxes
Parcel Number
R-0957-000-0080-1
Land Assessment
$80,000
Improvements Assessment
$267,288
Total Assessment
$347,288
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120 McGee St
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