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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 166% since 2020 with current population of 346,000+ according to worldpopulationreview.com
- The average household income in Princeton is $105,589 - worldpopulationreview.com
Executive Summary
Freestanding stone and brick building with cast stone accents situated just off Highway 380 behind Princeton Pharmacy. The property offers visibility from 380 and features an open floor plan that can be easily demised. Two entrances, dual restrooms, and two HVAC units support the option to split the building for owner occupancy with additional lease potential. Currently occupied by a tenant through October 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
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
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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