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612 N Third Street 1,800 SF Office Building Princeton, TX 75407 $550,000 ($305.56/SF)
Investment Highlights
- Situated on nearly ½ acre with ~1,800 SF, offering functional space, multiple entry points, and on-site parking for operational flexibility
- Outfitted for spa/salon use with kitchen, two restrooms, tankless gas water heater, washer/dryer connections, shampoo bowl hookups, partial shower, wa
- Video: https://youtube.com/shorts/EUtOSiNA_Xg?si=cRmob6nZmsz86O7O
- Completely rebuilt interior including foundation, framing, walls, electrical, plumbing, and bathrooms—delivering a true “like-new” asset with no defer
- Fully transitioned to commercial use with permits in place, creating a seamless opportunity for immediate occupancy or investment positioning
- Property website: https://buildout.com/website/213mckinneyave
Executive Summary
Situated on almost 1/2 acre with approximately 1800 SF of space, this property has been fully permitted and transitioned from residential to commercial use, offering a seamless opportunity for immediate occupancy or investment. Completely rebuilt from the ground up, the interior features all-new foundation, framing, walls, bathrooms, electrical, and plumbing—delivering a true “like-new” asset with no deferred maintenance.
With every interior component newly constructed, the property is move-in ready for an owner-user or tenant, minimizing downtime and upfront capital expenditures. The recent renovation was performed for a spa/salon/massage therapy business, and includes a kitchen, two restrooms, tankless gas water heater, washer & dryer connections, two shampoo bowl connections, a partially completed shower, ample storage areas, waiting area, three points of entry, and parking area.
Strategically positioned in the downtown district at the southwest corner of McKinney Avenue and N Third Street, the site benefits from strong visibility, accessibility, and corner presence—key drivers for long-term value. Ideal for a salon-spa, retail boutique, café, office, short-term residential such as an AirBnB, or future redevelopment, this property offers both immediate functionality and long-term upside in a high-exposure location. Please review the Commercial Property Condition Statement and Offering Memorandum for additional details. Prospective buyers and their representatives are responsible for conducting their own due diligence, which includes consulting with authorities, confirming access to utilities, and zoning confirmation. This information is not to be considered a substitute for professional guidance and independent verification.
With every interior component newly constructed, the property is move-in ready for an owner-user or tenant, minimizing downtime and upfront capital expenditures. The recent renovation was performed for a spa/salon/massage therapy business, and includes a kitchen, two restrooms, tankless gas water heater, washer & dryer connections, two shampoo bowl connections, a partially completed shower, ample storage areas, waiting area, three points of entry, and parking area.
Strategically positioned in the downtown district at the southwest corner of McKinney Avenue and N Third Street, the site benefits from strong visibility, accessibility, and corner presence—key drivers for long-term value. Ideal for a salon-spa, retail boutique, café, office, short-term residential such as an AirBnB, or future redevelopment, this property offers both immediate functionality and long-term upside in a high-exposure location. Please review the Commercial Property Condition Statement and Offering Memorandum for additional details. Prospective buyers and their representatives are responsible for conducting their own due diligence, which includes consulting with authorities, confirming access to utilities, and zoning confirmation. This information is not to be considered a substitute for professional guidance and independent verification.
Property Facts
Sale Type
Investment
Property Type
Building Size
1,800 SF
Building Class
C
Year Built/Renovated
1952/2024
Price
$550,000
Price Per SF
$305.56
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,800 SF
Building FAR
0.09
Lot Size
0.48 AC
Zoning
SF-1 / DT-C(Dwntwn Core) - City of Princeton - SF-1 / DT-C (Downtown Core)
See documents and visit the website for the City of Princeton to learn more about the zoning details.
Amenities
- 24 Hour Access
- Reception
- Air Conditioning
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $122,867 | |
| Land Assessment | $162,500 | Total Assessment | $285,367 |
Property Taxes
Parcel Numbers
Land Assessment
$162,500
Improvements Assessment
$122,867
Total Assessment
$285,367
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612 N Third Street
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