Katin Place | 119 W Virginia St
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Katin Place 119 W Virginia St
12,425 SF 100% Leased Office Building McKinney, TX 75069 $2,995,000 ($241/SF) 4.10% Cap Rate
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 in
one of Texas’s most delightful and thriving communities. Research indicates portions of
the 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.
one of Texas’s most delightful and thriving communities. Research indicates portions of
the 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 Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
12,425 SF
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
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,150 SF
Building FAR
2.59
Land Acres
0.11 AC
Zoning
MTC - McKinney Town Center
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste 101
- 254 SF
- Office
- -
- 30 Days
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 101 | 254 SF | Office | - | 30 Days |
1st Fl-Ste 101
| Size |
| 254 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| 30 Days |
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Walk Score ®
Walker's Paradise (92)
-
Bill Cox -
Carey Cox Company
1 of 16
VIDEOS
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PHOTOS
STREET VIEW
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MAP
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Katin Place | 119 W Virginia St
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