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204 W Mccart St 2,822 SF 100% Leased Retail Building Krum, TX 76249 $897,169 CAD ($317.92 CAD/SF) 7.48% Cap Rate
Executive Summary
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.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,822 SF
Building Class
C
Year Built
1980
Price
$897,169 CAD
Price Per SF
$317.92 CAD
Cap Rate
7.48%
NOI
$67,133 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
Lot Size
0.15 AC
Zoning
Commercial General - Commercial General
Amenities
- 24 Hour Access
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R61437 | Improvements Assessment | $350,698 CAD |
| Land Assessment | $120,773 CAD | Total Assessment | $471,471 CAD |
Property Taxes
Parcel Number
R61437
Land Assessment
$120,773 CAD
Improvements Assessment
$350,698 CAD
Total Assessment
$471,471 CAD
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204 W Mccart St
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