1222 Central ExpyMcKinney, TX 75070

Property Details for 1222 Central Expy

Year built

1985

Lot size

0.75 AC

Property size (Sq ft)

6,405 SF

Zone code

C

Property type

Commercial real estate

APN

R-1394-001-00C0-1

APU

R139400100C01

Description

This exceptional 6,416-square-foot restaurant building, situated on a prominent 0.2-acre lot in McKinney, Texas, presents a unique investment opportunity. Located on the highly visible I-75 frontage, the property boasts extensive road signage ensuring maximum exposure. Built in 1985 and extensively renovated in 2022, the building features a single story and includes all new A/C units. The interior and exterior have undergone a complete remodel, creating a modern and inviting space. Currently operating as a successful Tex-Mex restaurant, the sale includes all owned contents, providing a seamless transition for a new owner. This turnkey operation is open Wednesday through Sunday. The asking price is $2,800,000. The property is being offered for sale only

• CAP approach

  CAP return

  Valuation

  6%

  $1,598,620

  6.5%

  $1,475,650

  7%

  $1,370,250

• Comparable approach

  Method

  Valuation

  Relative Method

  $936,805

  Geo Method

  $770,650

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,937,350

  Retail / Commercial

  $1,499,970

  Mixed-Use / Specialty

  $1,489,660

  Hospitality / Lodging

  $1,086,470

  Office

  $1,475,650

  Institutional / Educational

  $1,546,880

  Residential Income

  $1,809,850

  Multifamily

  $2,198,110

  Automotive / Energy

  $1,325,900

  Parking / Income-Based Land

  $462,447

  Restaurant / Food Service

  $764,210

  Healthcare / Senior Housing

  $1,532,710

Location Insight

City

Mckinney

County

Collin

State

Texas

Latitude

33.2079

Longitude

-96.6373

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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