206 E Louisiana St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
206 E Louisiana St
5,350 SF 100% Leased Retail Building McKinney, TX 75069 $2,995,000 ($560/SF) 4.45% Cap Rate
Investment Highlights
- Exceptional Historic Downtown McKinney location, heavy foot traffic, retail and office space, modern amenities.
Executive Summary
Rarely does such an opportunity make itself available. Welcome to 206 E. Louisiana St, mere steps from the bustling and Historic Downtown McKinney Square. Built in 1900 and providing modern amenities, the building's first floor contains nearly 2,000 SF of retail space, while the upstairs and back portion of the first floor contain rentable office space totaling 3,300 SF. There are 13 separate office spaces, a break room, and storage available for an owner to utilize or rent out. The retail space has a current NNN lease in effect through Sept 2025. Building highlights include proximity to McKinney Square, original wood floors throughout, vaulted ceilings and historic charm with updated plumbing, wiring, and HVAC units. This is an incredibly rare opportunity to own a retail building with exceptional character in the Historic Downtown McKinney Square! All square footage measurements are approximate. Please do not disturb tenants and retail business. Contact listing agent for all showings.
Seller Financing available upon request.
Seller Financing available upon request.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$173,749
|
$32.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$173,749
|
$32.48
|
| Taxes |
$21,405
|
$4.00
|
| Operating Expenses |
$19,148
|
$3.58
|
| Total Expenses |
$40,553
|
$7.58
|
| Net Operating Income |
$133,196
|
$24.90
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $173,749 |
| Annual Per SF | $32.48 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $173,749 |
| Annual Per SF | $32.48 |
| Taxes | |
|---|---|
| Annual | $21,405 |
| Annual Per SF | $4.00 |
| Operating Expenses | |
|---|---|
| Annual | $19,148 |
| Annual Per SF | $3.58 |
| Total Expenses | |
|---|---|
| Annual | $40,553 |
| Annual Per SF | $7.58 |
| Net Operating Income | |
|---|---|
| Annual | $133,196 |
| Annual Per SF | $24.90 |
Property Facts Under Contract
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
5,350 SF
Building Class
C
Year Built
1900
Price
$2,995,000
Price Per SF
$560
Cap Rate
4.45%
NOI
$133,195
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.75
Lot Size
0.07 AC
Zoning
CHD - Commercial
Frontage
187 FT on East Louisiana Street
Amenities
- Smoke Detector
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Red Zeppelin Records
- Retailer
- 2,000 SF
- $27.00
- Triple Net
- Sep 2025
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Red Zeppelin Records | Retailer | 2,000 SF | $27.00 | Triple Net | Sep 2025 |
Walk Score ®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | R-0856-006-045C-1 | Total Assessment | $1,198,798 |
| Land Assessment | $138,416 | Annual Taxes | $21,405 ($4.00/SF) |
| Improvements Assessment | $1,060,382 | Tax Year | 2023 Payable 2023 |
PROPERTY TAXES
Parcel Number
R-0856-006-045C-1
Land Assessment
$138,416
Improvements Assessment
$1,060,382
Total Assessment
$1,198,798
Annual Taxes
$21,405 ($4.00/SF)
Tax Year
2023 Payable 2023
1 of 30
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
206 E Louisiana St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.