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Property profile

101 Chestnut St Mckinney, TX 75069

OFF-MARKET
Commercial real estate
Property ID
US83-4267878
View Sample
5,786 SF 0.17 ac lot Built 1930
Entity Owned 2-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 7,946-square-foot, two-story restaurant space is ideally situated in McKinney's historic downtown district at 101 S Chestnut St, near Louisiana St, zip code 75069. Currently under construction, with completion anticipated by the end of 2024, this single-tenant property presents a unique opportunity for discerning restaurateurs. Prospective tenants can secure their space now and collaborate on interior design concepts while the build-out progresses. The building's substantial size allows for expansive dining areas, a fully equipped kitchen, and ample space for additional amenities. This prime location within the vibrant heart of McKinney's historic district offers high visibility and accessibility, ensuring significant foot traffic and exposure to a thriving community. The property is a blank canvas, allowing for complete customization to reflect the tenant's vision and brand identity. Don't miss this chance to establish your restaurant in one of Texas' most desirable locations. Lease terms are available upon request. This is a rare opportunity to secure a stunning, new restaurant space in a highly sought-after area.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1930
Total area 5,786 SF
Lot 0.17 ac (7,501 SF)
Zoning code BG
APN R-0856-44A-001A-1
UPID US83-4267878

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$763k
Blend (final) Blend
$800k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2023
Price N/A
2020
Price N/A

Zoning & alternative use

BG · Mckinney, TX
Zoning description

b. Lots zoned BN - Neighborhood Business or BG - General Business Zoning Districts Pursuant to §203G.1, Design Exception, the following zoning district requirements may be eligible for a Design Exception: I. Residential…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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