204 W Mccart St 2,822 SF 100% Leased Retail Building Krum, TX 76249 $900,387 CAD ($319.06 CAD/SF) 7.48% Cap Rate

EWRG Commercial Group is pleased to present 204 W. McCart Street, a $650,000 mixed-use value-add and owner-user opportunity located in the Old Town core of the City of Krum, Denton County, Texas. The asset comprises street-front retail space (currently vacant) and two attached apartment units providing in-place cash flow through month-to-month leases. The property sits directly on FM 1173 (McCart Street), the primary east-west arterial corridor connecting Krum to I-35 in Denton — a corridor currently undergoing a major TxDOT widening and improvement program.
The asset features approximately 1,380 square feet of retail space configured as two storefront suites that may be operated independently or combined for a larger user. The retail component is currently vacant, allowing investors or owner-occupants immediate control over leasing strategy and business operations. A grease trap remains in place from a prior restaurant use, providing additional flexibility for food-service and hospitality concepts.
The property benefits from its location within Krum's historic commercial core and direct frontage on FM 1173. Ongoing transportation improvements along the corridor, including the planned widening of FM 1173 and roadway infrastructure enhancements, are expected to further strengthen connectivity between Krum and Denton. The surrounding area continues to experience residential and economic growth, supported by Denton County's expanding population and employment base.
Two residential units currently provide month-to-month rental income, creating existing cash flow while retail space is repositioned or occupied by a future owner-user. The combination of retail frontage, residential income, operational flexibility, and location within a growing Denton County market offers an opportunity for investors seeking a mixed-use asset with both current income and future upside potential.