Historic Two-Story Mixed-Use
206 Mckinney Street Unit 204/206 Farmersville, TX 75442
New
For Sale
$850,000
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 Market2
Property Features for 206 Mckinney Street Unit 204/206
General Information
- Standard status
- Active
- Size
- 4,816 SF
- Property subtype
- Business
Building Details
- Year Built
- 1895
Listing Agency:
Keller Williams Prosper Celina
(972) 382-8882
Listed By:
Rene Jensen · License #0720823
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 24 at 2:01AM
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
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 For Mixed Use
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 | $115.6k | $24.00 |
| − Vacancy | −$9.2k | −$1.92 |
| EGI | $106.3k | $22.08 |
| − OpEx | −$39.9k | −$8.28 |
| NOI | $66.5k | $13.80 |
4,816 SF · lease $24.00/SF/yr · vacancy 8.00% · expense 37.50%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
12 Stories by ...
Cafe & Coffee Shop
Christ Culture Community ...
Church
Similar Off Market Nearby
- NutritionVille — 604 S State Hwy 78 Ste 107, Farmersville, TX 75442
- Rise and Brew — 604 S State Hwy 78 Ste 117, Farmersville, TX 75442
FAQs
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 Unit 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
