Historic Two-Story Mixed-Use
For Sale
$850,000
206 Mckinney Street #204/206, Farmersville, TX 75442
Two-story building built in 1895 with a coffee shop on the first floor and a versatile second-floor space.
Property Size4,816 SF
Price / SF$176.50
Days on Market87
Property Features for 206 Mckinney Street #204/206
General Information
Standard status
Active
Size
4,816 SF
Property subtype
Business
Building Details
Year Built
1895
Stories
2
Listing Agency:
Keller Williams Prosper Celina
(972) 382-8882
Listed By:
Jane Mercer · License #0796238
(469) 993-3121
Source:
Lonestarluxuryrealty
Added: Jul 23
Changed: Oct 4
Last Checked: Oct 16 at 9:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Prosper Celina
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Investment Insights
Based on property information with market context.
Built in 1895, this historic two-story commercial building is located in the heart of Historic Downtown Farmersville. The first floor is currently occupied by the Cup and Canter Coffee House. The second floor offers a flexible living or commercial layout, including a kitchenette, two bedrooms, a large great room, two full baths, abundant storage, and oversized windows that overlook the historic downtown streetscape.
Situated at 206 McKinney Street, the property is within an active downtown environment with locally owned shops, restaurants, and year-round community events. The surrounding area also includes the community’s agricultural heritage celebrations.
For buyers seeking a distinctive historic asset with income-producing street-level use and an adaptable upper level, this building blends landmark character with a practical mixed-use configuration.
Situated at 206 McKinney Street, the property is within an active downtown environment with locally owned shops, restaurants, and year-round community events. The surrounding area also includes the community’s agricultural heritage celebrations.
For buyers seeking a distinctive historic asset with income-producing street-level use and an adaptable upper level, this building blends landmark character with a practical mixed-use configuration.
Key Highlights
- Two‑story commercial building built in 1895 in Historic Downtown Farmersville
- McKinney Street frontage with first‑floor use as Cup and Canter Coffee House
- Second‑floor versatile space includes a kitchenette, 2 bedrooms, and a large great room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,461
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,329,220
$1.3M
Cap Rate 7%
$949,443
$949.4K
Cap Rate 9%
$738,456
$738.5K
Market Conditions
NOI Build-Up for 4,816 SF
Gross rent
$115.6K $24.00/SF
− Vacancy
−$9.2K −$1.92/SF
EGI
$106.3K $22.08/SF
− OpEx
−$39.9K −$8.28/SF
NOI
$66.5K $13.80/SF
Area
Collin County, TX
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,329,220
Cap Rate 7%
$949,443
Cap Rate 9%
$738,456
Alternative Uses
Best Use
Specialty Retail
$1.18M
$1.04M – $1.38M
NOI $82,940 @ 7.0% cap · market cap 9.76%
Second Best
Mixed Use
$949.4K
$830.8K – $1.11M
NOI $66,461 @ 7.0% cap · market cap 7.82%
Theoretical Best
Industrial
$4.79M
$4.19M – $5.58M
NOI $334,983 @ 7.0% cap · market cap 39.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75442, TX
11,241
Population
4,060
Households
2.8
Avg Household Size
39
Median Age
18%
College-Educated
85%
High-School Grad
107.6 sq mi
ZIP Area
104
Density / Sq Mi
$84,591
Median Household Income
$48,482
Median Earnings
$1,501
Median Rent
$330,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- NutritionVille — 604 S State Hwy 78 Ste 107, Farmersville, TX 75442
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Frequently Asked Questions
What type of property is this?
Coffee shop - Two-story building built in 1895 with a coffee shop on the first floor and a versatile second-floor space.
Where is this coffee shop located?
The property is located at 206 Mckinney Street #204/206 Farmersville, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑story commercial building built in 1895 in Historic Downtown Farmersville; McKinney Street frontage with first‑floor use as Cup and Canter Coffee House; Second‑floor versatile space includes a kitchenette, 2 bedrooms, and a large great room
