The property is located in Old Town Krum next to the main intersection in this city, FM 156 & FM 1173. TXDOT will be expanding the highway mainly to the east of this location to accommodate all the traffic and future traffic being generated by the fast housing growth in this area. The road work will improve this intersection along with a controled signal light. Krum is located in Denton county, one of the fastest growing counties in Texas. New residents are moving to this area given all the new housing and subdivisions underway. The high school is currently 4A and growing towards 5A in the near future. Growth is taking place in all four directions. The property falls under a duel zoning of commercial and residential. Old Town zoning which allows most uses and residential zoning is also allowed as a combination in Old Town Krum. Last year the city approved vertical buildings up to 5 stories for the Old Town area which should generate upscale apartments and condo units close by. There could be an opportunity to expand this site upward based on the new zoning rules. The property is currently cut into 4 units.two retail/office spaces approximately 775 sf each with the storefront facing FM 1173 and 2 apartments approximately 950 sf with separate garages in the rear of the property. The 2 residential units (accessed through the rear garages) have being renovated recently to meet city code. One of the 2 retail/office spaces in the front of the property is built out and ready for occupancy. The western side of the retail/office space is in "Shell" condition and needs upgrades prior to occupancy. Head in public parking along the street is available for the storefront area now. The city built a public parking lot across the street and it is my understanding that once the police department relocates out of their facility 1 block away, that the city plans to convert that area into additional parking for the Old Town area. Redevelopment of the property is also an option. The retail/office area could be combined to approx. 1,500 sf by removing the partition wall or up to approx. 3,000 sf by taking out the residential units in the back and adding them to the store front area. This does not include the garage areas. Located downtown with the Post Office and City Event Center 1 block away, this area should remain strong into the future. The store front is visible from 3 of the 4 directions at the main intersection. The downtown draw and future housing growth within walking distance of this location should help keep the Old Town area vibrant and a great place for business and residents. Porto Fino's Italian restaurant a couple of doors from this location, draws customers from Sanger to the west and Justin to the south 15 miles away. Are you looking for a great property to generate cash by leasing space to business operaters and residential tenants wanting to be in the Old Town Krum area? We just dropped the asking price as the owner is motivated to sell this property. Time is right to get moving on this asset to capitialze on this growing market.