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123 W Princeton Dr 6,784 SF 100% Leased Retail Building Princeton, TX 75407 $2,375,000 ($350.09/SF)
Investment Highlights
- Great upside potential between current lease rates and structure.
- Need for medical, professional, neighborhood services and child related activities.
- HWY 380 Frontage
- 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.
Executive Summary
6,784sf located directly on 380 in the heart of thriving Princeton, Tx! Presently 3,786sf leased by Mattress Central, but is available for owner occupancy with 60 day notice. Chamber of commerce (2,998sf) lease maturity March 31, 2028.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,784 SF
Building Class
C
Year Built
2005
Price
$2,375,000
Price Per SF
$350.09
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
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123 W Princeton Dr
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