The property is located in Old Town Krum next to the main intersection in this city, FM 156 & FM 1173. TX DOT 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. Krum is located in Denton county, one of the fastest growing counties in the United States. New residents are moving to this area everyday with all the new housing and subdivisions underway. The high school is currently 5A and growing towards 6A in the next year or two. Growth is taking place in all four directions. The property location falls under commercial, Old Town zoning which allows most uses. Residential zoning is also allowed and can be as a combination in old town. The city recently approved vertical buildings up to 5 stories for old town which should generate upscale apartments and condo units. There could be an opportunity to expand this site upward based on the new zoning. (if the structure allows) The property is currently cut into 4 units. Two retail/office spaces approximately 1,300sf with the storefront facing FM 1173 and 2 apartments approximately 890sf with separate garages in the rear of the property. The 2 residential units are being renovated now. A new fire wall and fire alarm system has been installed to create a safe living area. One of the 2 retail/office spaces in the front of the property has been leased to a Cash/Loan type store. The owner has a right to terminate the lease given the buyer more flexibility. The western side of the retail/office space is under construction and will be available for lease soon. This side will need some finish out work prior to occupancy. The owner expects the 4 units to generate between $6,500-$7,000 per month once leased. Head in public parking along the street is available for the storefront area now however this may be converted into parallel parking once the highway department modifies the major intersection close by. Not to worry, 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 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. 2,600sf by removing the partition wall or up to approx. 4,375sf by taking out the residential units in the back and adding them to the store front area. Located downtown with the Post Office and City Event Center 1 block away, the area should remain strong into the future. As mentioned, the property is located at the major intersection in town with North/South and East/West Highway connecting less than one block away. The store front is visible from 3 of the 4 directions at this intersection which is scheduled to have a signal light once the highway construction is finished. 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.