Log In/Sign Up
Your email has been sent.
123 W Princeton Dr 6,784 SF 100% Leased Retail Building Princeton, TX 75407 $2,345,000 ($345.67/SF) 6.20% Cap Rate
Investment Highlights
- 3,786sf offering open floorplan currently used as showroom available for owner occupancy or tenant remain until August 2027.
- Need for medical, professional, neighborhood services and child related activities.
- Current rents are below market rate.
- Princeton ranks within the top 5 fastest growing cities in the nation as of 2024.
- Flexible open floorplan allows for easy modification and multiuse space.
- $100,000+ in recent capital improvements. Roof 2025 HVAC units 2022
Executive Summary
Built in 2005 and refreshed in 2022-2023 the approximately 6,784 SF building sits on roughly 0.55 acres and features an open, adaptable floor plan that can accommodate a variety of retail, showroom, office, medical, professional service, or other commercial uses. Zoned C-2, the property offers flexibility for both current operations and future repositioning.
The existing layout provides substantial open space along with private rooms, service areas, and multiple points of access, allowing a new owner to configure the space to fit their specific needs. Conveniently positioned on 380 near established retail, residential neighborhoods, schools, and major transportation routes, the property benefits from Princeton’s rapid population growth and continued infrastructure investment. An excellent opportunity to establish a high-visibility business location or reposition the property for future growth.
The existing layout provides substantial open space along with private rooms, service areas, and multiple points of access, allowing a new owner to configure the space to fit their specific needs. Conveniently positioned on 380 near established retail, residential neighborhoods, schools, and major transportation routes, the property benefits from Princeton’s rapid population growth and continued infrastructure investment. An excellent opportunity to establish a high-visibility business location or reposition the property for future growth.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,784 SF
Building Class
C
Year Built
2005
Price
$2,345,000
Price Per SF
$345.67
Cap Rate
6.20%
NOI
$145,390
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.55 AC
Zoning
C-2 - Commercial General, Multiple Uses Allowed. Inquire with agent for full list.
Frontage
301’ on Princeton Dr
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R-9620-00A-01R1-1 | Improvements Assessment | $1,580,418 |
| Land Assessment | $448,668 | Total Assessment | $2,029,086 |
Property Taxes
Parcel Number
R-9620-00A-01R1-1
Land Assessment
$448,668
Improvements Assessment
$1,580,418
Total Assessment
$2,029,086
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
123 W Princeton Dr