213 McKinney Avenue, Princeton, TX 75407
Fully renovated commercial property ideal for various business ventures.
- Added:
- Apr 22, 2026
- Days on Market:
- 52
- Last Refresh:
- Apr 22 at 5:15 pm
Property Features for 213 McKinney Avenue
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Lot size
- 0.50 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1952
Listing agent Angela Harwell
Listing office Coldwell Banker Apex, REALTORS
Listing date Apr 22, 2026
Source Signaturere
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HighLights
- Fully permitted commercial conversion on almost half an acre in the downtown district.
- Completely rebuilt interior with new foundation, framing, walls, bathrooms, electrical, and plumbing.
- Strategic corner location at McKinney Avenue and N 3rd Street with high visibility and accessibility.
- Ready for immediate occupancy with minimal downtime and upfront capital expenditures.
- Equipped with kitchen, two restrooms, tankless gas water heater, washer/dryer connections, and shampoo bowl connections.
- Suitable for various uses: salon/spa, retail, cafe, office, short‑term residential, or future redevelopment.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.4k | $24.12 |
| − Vacancy | −$2.0k | −$1.13 |
| EGI | $41.4k | $22.99 |
| − OpEx | −$12.4k | −$6.90 |
| NOI | $29.0k | $16.09 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Princeton
- County
- Collin
- State
- Texas
- Longitude
- -96.4992302
- Latitude
- 33.1806255