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306 S Tennessee St 1,156 SF Office Building McKinney, TX 75069 $480,000 ($415.22/SF) 7% Cap Rate
Investment Highlights
- Prime Downtown McKinney location just steps from Historic Square
- Rare owner-user or investment opportunity
- Walkable to restaurants, retail, and entertainment
- Zoned MTC (McKinney Town Center) – flexible commercial use
- Charming vintage architecture with strong curb appeal
- Ideal for boutique office, legal, consulting, creative, or wellness use
Executive Summary
Own Your Office. Elevate Your Presence.
Located just steps from the Historic Downtown McKinney Square, 306 S. Tennessee Street presents a rare opportunity for an owner-user to secure a prestigious business address in one of North Texas’ most desirable commercial districts.
This vintage office property offers timeless architectural character, strong curb appeal, and a welcoming street presence that enhances brand identity and client experience. Unlike traditional office park environments, this location provides walkability to award-winning restaurants, coffee shops, retail, and year-round community events — creating a memorable and convenient experience for clients and employees alike.
Zoned MTC (McKinney Town Center), the property allows for a wide range of professional and boutique commercial uses including legal, consulting, creative, financial services, and wellness practices. With limited inventory in Downtown McKinney and continued demand for ownership opportunities, this property represents both a branding advantage and a strategic long-term investment.
Located just steps from the Historic Downtown McKinney Square, 306 S. Tennessee Street presents a rare opportunity for an owner-user to secure a prestigious business address in one of North Texas’ most desirable commercial districts.
This vintage office property offers timeless architectural character, strong curb appeal, and a welcoming street presence that enhances brand identity and client experience. Unlike traditional office park environments, this location provides walkability to award-winning restaurants, coffee shops, retail, and year-round community events — creating a memorable and convenient experience for clients and employees alike.
Zoned MTC (McKinney Town Center), the property allows for a wide range of professional and boutique commercial uses including legal, consulting, creative, financial services, and wellness practices. With limited inventory in Downtown McKinney and continued demand for ownership opportunities, this property represents both a branding advantage and a strategic long-term investment.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
1,156 SF
Year Built
1950
Price
$480,000
Price Per SF
$415.22
Cap Rate
7%
NOI
$33,600
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,156 SF
Building FAR
0.17
Lot Size
0.16 AC
Zoning
MTC - MTC Downtown Core
Parking
2 Spaces (1.73 Spaces per 1,000 SF Leased)
Amenities
- Reception
- Monument Signage
- Air Conditioning
1 1
Walk Score®
Very Walkable (89)
Property Taxes
| Parcel Number | R-0856-060-2290-1 | Improvements Assessment | $126,649 |
| Land Assessment | $97,585 | Total Assessment | $224,234 |
Property Taxes
Parcel Number
R-0856-060-2290-1
Land Assessment
$97,585
Improvements Assessment
$126,649
Total Assessment
$224,234
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306 S Tennessee St
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