For Sale
$2,995,000
206 Louisiana St McKinney, TX 75069
Historic building, high NOI, strong cap rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Historic Downtown McKinney, TX commercial building, 5,350 SF on a 2,875 SF lot.
- Class B building (1900 construction) with a blend of historic charm and modern updates.
- Ground floor: ~2,000 SF retail space under triple-net lease (expires 9/25/2025).
- Upper floor & rear ground floor: ~3,300 SF of office space, divided into 13 units with shared amenities.
- Strong NOI of $133,194 and a 4.40% capitalization rate.
Property Details for 206 Louisiana St
- Property type
- Retail properties, Office properties
- Square Feet
- 5,350 SF
- Class
- B
- Year Built
- 1900
- Buildings
- 1
- Stories
- 2
- Units
- 14
Location Insight
- City
- McKinney
- County
- Collin
- State
- Texas
- Latitude
- 33.1971245
- Longitude
- -96.6146743
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Historic building, high NOI, strong cap rate
- Where is the retail property located?
- The property is located at 206 Louisiana St McKinney, TX.
- What is the asking price?
- The asking price for this property is $2,995,000.
- What are key features of this property?
- This property features: Historic Downtown McKinney, TX commercial building, 5,350 SF on a 2,875 SF lot.; Class B building (1900 construction) with a blend of historic charm and modern updates.; Ground floor: ~2,000 SF retail space under triple-net lease (expires 9/25/2025).
- How can I contact the broker?
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