Downtown Krum
Retail | 2,822 SqFt
Marketing description
Investment highlights
•Value-Add Potential: Significant upside through retail lease-up at market NNN rates and the implementation of a utility reimbursement program (RUBS) or submetering for the residential units.
•Owner-User Appeal: Ideal for a small business owner seeking to operate their own storefront while utilizing the apartment income to offset debt service.
•Strategic Location & Infrastructure Growth: Positioned directly on the FM 1173 corridor, which is currently undergoing a major TxDOT widening and reconstruction program to connect FM 156 in Krum directly to I-35 in Denton. This expansion from a rural two-lane to an urban divided roadway will dramatically increase traffic counts and commercial visibility.
•Strong Demographics: Located in Denton County, which boasts a median household income of over $111,000, supporting strong local spending power for retail and dining concepts.
•Historic Charm with Modern Utility: Brick-front construction with central HVAC and a highly walkable downtown Krum location.
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