About This Restaurant
Investment Highlights
SURROUNDED BY SHOPS & RESTAURANTS NEW ROOF OCTOBER 2020 NEW CITY GOVERNMENT COMPLEX 15 OFFICES-1 RETAIL- 1 RESTAURANT
Executive Summary
Discover an exceptional opportunity to own a prestigious commercial building in the heart of historic Downtown McKinney. This impeccably maintained and beautifully designed property presents a unique investment or business expansion opportunity inone of Texas?s most delightful and thriving communities. Research indicates portions ofthe building date back to 1885 when it was used as a boarding house. In later years it was believed to be The Commercial Hotel from 1897-1965. In addtional to its historical charm, Downtown McKinney offers a diverse range of amenities, including coffee shops, boutiques, art galleries, and dining options, all within walking distance, making it a great location to attract and retain talent.
Property Details
- Sale Type Investment
- Property Type Office
- Property Subtype Loft/Creative Space Loft/Creative Space General Retail Bar General Retail Storefront Retail/Office Office Office Live Work Unit Loft/Creative Space
- Building Size 12,425
- Building Class B
- Year Built/Renovated 1945/2012
- Price 2,995,000
- Price Per SF 241
- Cap Rate 4.10
- NOI 122,795
- Percent Leased 98
- Tenancy Multiple
- Building Height 3 Stories
- Typical Floor Size 4,150
- Building FAR 2.59
- Land Acres 0.11 AC
| Date Created: | 2024-07-16 04:23:42 | Last Updated: | 2024-07-16 04:23:42 |
| Address: | 119 W Virginia St , McKinney, Texas, 75069 | ||