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$250,000
Est. payment /mo
0.61 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Belcher I G
MLS Listing ID 21372872
Total Fin. Sqft 5234
Year Built 1975
Annual Tax Amount $6,004
Lot Size 0.610 Acres
Acres 0.61
Property Sub-Type Retail
Property Description
Investment opportunity along S Armstrong Avenue in Denison. Situated on approximately 0.61 acres, this ±5,400-square-foot multi-tenant retail and business center is configured into five suites ranging from approximately 600 to 1,650 square feet. The provided rent roll reflects full occupancy and current monthly base rent of $3,100, providing immediate income with potential upside through future lease renewals, rent adjustments, and expense reimbursements.
The flexible suite sizes accommodate a variety of neighborhood retail, service, studio, and office users. Armstrong Avenue frontage offers convenient access and visibility within an established area of south Denison. This manageable multi-tenant asset presents an attractive opportunity for an investor seeking existing cash flow with longer-term value-add potential. Rent roll and financial projections are available upon request.
All information is deemed reliable but is not guaranteed. Buyer and Buyer's Agent are responsible for independently verifying all information, including square footage, acreage, boundaries, zoning, permitted uses, leases, income and expenses, utilities, access, property condition, and suitability for Buyer's intended use.
The flexible suite sizes accommodate a variety of neighborhood retail, service, studio, and office users. Armstrong Avenue frontage offers convenient access and visibility within an established area of south Denison. This manageable multi-tenant asset presents an attractive opportunity for an investor seeking existing cash flow with longer-term value-add potential. Rent roll and financial projections are available upon request.
All information is deemed reliable but is not guaranteed. Buyer and Buyer's Agent are responsible for independently verifying all information, including square footage, acreage, boundaries, zoning, permitted uses, leases, income and expenses, utilities, access, property condition, and suitability for Buyer's intended use.
Location
State TX
County Grayson
Zoning C1
Direction From US-75, take Exit 68 toward Crawford Street. Travel east on W Crawford Street, then turn right onto S Armstrong Avenue. Continue south to 1501 S Armstrong Avenue; the property will be on the left near W Hull Street.
Interior
Heating Central
Cooling Central Air
Flooring Other
Heat Source Central
Exterior
Utilities Available City Sewer, City Water
Roof Type Shingle,Wood
Garage No
Building
Foundation Slab
Structure Type Brick
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Listed by Ryan Clevenger • MainStreet Venture Partners, L
NEARBY SCHOOL & BUSINESS
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