1865 Mcgee LnLewisville, TX 75077

Property Details for 1865 Mcgee Ln

Year built

2006

Lot size

2.32 AC

Property size (Sq ft)

26,580 SF

Property type

Commercial real estate

APN

R290975

APU

R290975

Description

This exceptional multi-use commercial property, located at 1865 McGee Lane in Lewisville, Texas, offers a unique investment opportunity. The building, constructed in 2006, boasts a total of 26,580 square feet, encompassing retail, office, and industrial space. Currently, there are 3,600 square feet of vacant space available, including one immediately available storefront unit of 3,200 square feet. The building features a desirable storefront configuration, perfect for a variety of businesses. The high ceilings, measuring 16 feet, provide ample vertical space for creative design and efficient use of the area. Situated in Denton County, with a convenient Lewisville address and zip code 75077, this property benefits from excellent accessibility and visibility. The multiple tenancy structure allows for flexibility and potential for diverse income streams. This property presents a compelling opportunity for businesses seeking a well-maintained, spacious, and strategically located commercial space in a thriving Texas market. The existing infrastructure is ready for immediate occupancy, minimizing upfront investment and maximizing return. The property's size and layout offer significant potential for expansion or adaptation to suit specific business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $5,512,060

  6.5%

  $5,088,060

  7%

  $4,724,620

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,207,370

  Geo Method

  $3,198,110

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $10,092,300

  Retail / Commercial

  $5,160,580

  Mixed-Use / Specialty

  $5,130,600

  Hospitality / Lodging

  $3,749,080

  Office

  $5,088,060

  Institutional / Educational

  $5,329,620

  Residential Income

  $6,235,650

  Multifamily

  $7,542,930

  Automotive / Energy

  $4,568,240

  Parking / Income-Based Land

  $1,587,890

  Restaurant / Food Service

  $2,643,740

  Healthcare / Senior Housing

  $5,273,220

Location Insight

City

Lewisville

County

Denton

State

Texas

Latitude

33.0694

Longitude

-97.0267

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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