Address
507 - 509 W Main Street, Denison, TX
Price
$ 1,490,000
Property Attributes
- MLS#20412384
- TypeCommercial
- CountyGRAYSON
- CityDenison
- NeighborhoodStevens Add
- Zip75020
- StyleBusiness
- Year Built1914
- Taxes$ 24941
- Price$ 1,490,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage14400
- Lot Size6,011 SqFt
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
UPDATED RETAIL OR RESTAURANT SPACE WITH 4 LUXURY LOFTS. Building is 14,400 SF in an Opportunity Zone encompassing 507 & 509 W Main. Built in 1914, well remembered as the Piggly Wiggly store from 1939-1960. In 2016-2019, the building underwent extensive restorations adding a food hall, 5 commercial kitchens, bar and an event area. The 6000 SF 1st floor offers a temperature controlled cooler room, special tap room and restrooms. The 2nd floor boasts 8400 SF with 4 Luxury Lofts. Fully leased: 2 studios 1700 SF, 1.5 baths, 2 Two bdrm, 1900 SF, with office & 2.5 baths & an expansive 4 bdrm, 2400 SF with dual suites & 4 baths. Stair lift in rear stairwell. Remodeled to the National Parks Service historic standards, it is in the historic registry. Fire suppression & alarm system installed. This once in a lifetime opportunity to own this notable building is available now. Visit www.denisontx.org for information about destination grants. Downstairs Space is also for Lease $5500 NNN.
| Price History | |
|---|---|
| 9/1/2023 | Listed $1,699,000 |
| 12/5/2023 | 7% - $1,590,000 |
| 1/18/2024 | 7% - $1,490,000 |
General Features
| Heating | Natural Gas |
|---|---|
| Cooling | Central Air |
| Utilities | All Weather Road,Alley,Asphalt,City Sewer,City Water |
| Ceiling Height | 11 to 14 Feet,15 to 20 Feet,More than 20 Feet |
| Possession | Negotiable |
| Roof | Fiber Cement |
| Year Built | 1914 |
| Tenant Pays | All Utilities |
| Business Type | Mixed,Restaurant,Retail,Other |
| Unexempt Taxes | 24941 |
| Building Use | Designated Historical Bldg.,Food Service,Historical District,Restaurant,Retail,Other |
| Will Subdivide | No |
| Building Number | 507 |
| Gross Annual Expenses | 0.00 |
| Property SubType | Business |
| Subdivision Name | Stevens Add |
| Accessibility Features | Stair Lift |
| Zoning Description | Commercial Food Court Loft |
| Occupant Type | Tenant |
| County | Grayson |
| Property Type | Commercial Sale |
| Security Features | Burglar,Fire Alarm,Fire Sprinkler System,Key Card Entry,Prewired,Security Lights,Security System |
| Construction Materials | Brick,Concrete,Plaster,Wood,See Remarks |
| Year Built Details | Preowned |
| Number Of Leaseable Spaces | 6 |
| Number Of Spaces Leased | 4 |
| Special Notes | Historical |
| Status | Active |
| Directions | Located in the 500 Block of Historic Downtown Denison,TX |
| City | Denison |
| Buyer Agent Compensation | 3 |
| Street Name | Main |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20412384 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
Interior Features
| Flooring | Ceramic Tile,Combination,Concrete,Hardwood,Laminate |
|---|---|
| Total Stories | 2 |
| Total Units | 2 |
| SQFT Gross | 14400 |
| Lock Box Type | None |
| Street Suffix | Street |
Exterior Features
| Lot Size Source | Assessor |
|---|---|
| Parking Features | Common,On Site |
| Lot Size | Less Than .5 Acre (not Zero) |
| Foundation | Combination,Pillar/Post/Pier |
| Lot Size Area | 0.1380 |
| Lot Size Units | Acres |
| Construction Materials Walls | Brick,Texture |
| Building Area Total | 14400.00 |
| Road Frontage Type | City Street,Curbs/Gutters,Sidewalk |
| Lot Size Square Feet | 6011.2800 |
| Lot Size Acres | 0.1380 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 75020
Price
Taxes
Visits
Year Built
Walkscore
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