Drive-Through Restaurant Corner
1901 W Morton Street, Denison, TX 75020
SINGLE_FAMILY - Denison, TX
Type:Retail
Property size:
2,432 SFLot size:
0.53 AcresPrice / SF:
$205/SF- Added:
- May 28, 2026
- Days on Market:
- 31
- Last Refresh:
- Jun 27 at 4:06 pm
Property Features for 1901 W Morton Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 140811
- Size
- 2,432 SF
- Lot size
- 0.53 Acres
Taxes and HOA fees
- Tax Description
- G-0630 JONES HARDIN A-G0630, ACRES .53, 155X1
- Tax Annual Amount
- 8553
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Wall Unit(s), Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Clay, Combination, Linoleum
- Building materials
- Rock, SteelSiding, Stone
- Roof type
- Flat, Mixed, Metal, Synthetic
Listing agent Megan Christensen License #0682136 (903) 821-9678
Listing office Texas Life Real Estate Pottsboro, TX (903) 818-6079
Listing date May 28, 2026
MLS# 21129450
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Highly visible corner at W. Morton St. (FM 120) and Juanita Drive with over 14,000 vehicles traveling Morton St. daily
- Restaurant building built in 1970 with rock‑clad exterior and floor‑to‑ceiling windows; drive‑through window added approximately 20 years ago
- Commercial kitchen infrastructure includes a walk‑in cooler, walk‑in freezer, and separate office; two bathrooms
- Operational Watson Burger at the location with seating for 52 guests and additional seating capacity; currently employs 7 staff members
- Infrastructure updates include a 6‑year‑old commercial‑grade vent hood and a 6‑year‑old TPO roof
- On‑site parking lot plus public water and public sewer connections
Overview
This turnkey restaurant property features a sit-down layout with floor-to-ceiling windows and a rock-clad exterior. A drive-through window was added approximately 20 years ago, supporting both walk-in and takeout traffic. Interior amenities include a walk-in cooler and walk-in freezer, a separate office, and two bathrooms. The building also includes a commercial vent hood installed approximately six years ago and a TPO roof installed approximately six years ago, along with ample on-site parking.
The site is located on a highly visible corner of W. Morton St. (FM 120) and Juanita Drive in Denison, Texas. The frontage on W. Morton St. is described as experiencing over 14,000 vehicles traveling daily, and FM 120 is noted as a connector between Denison and Pottsboro. The property is approximately 1.4 miles east of Hwy 75, providing convenient regional access.
The current operation at this location is positioned for a fast-food or full-service dining concept seeking an established setup. With a restaurant-ready improvement package, drive-through capability, and onsite parking already in place, the site can support continued foodservice use or a compatible dining rebrand. Surrounding retail is described as a concentration of national and regional tenants, and a major Texas Instruments semiconductor plant in the Sherman-Denison metro is noted as having opened.
The site is located on a highly visible corner of W. Morton St. (FM 120) and Juanita Drive in Denison, Texas. The frontage on W. Morton St. is described as experiencing over 14,000 vehicles traveling daily, and FM 120 is noted as a connector between Denison and Pottsboro. The property is approximately 1.4 miles east of Hwy 75, providing convenient regional access.
The current operation at this location is positioned for a fast-food or full-service dining concept seeking an established setup. With a restaurant-ready improvement package, drive-through capability, and onsite parking already in place, the site can support continued foodservice use or a compatible dining rebrand. Surrounding retail is described as a concentration of national and regional tenants, and a major Texas Instruments semiconductor plant in the Sherman-Denison metro is noted as having opened.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.7k | $24.96 |
| − Vacancy | −$3.0k | −$1.25 |
| EGI | $57.7k | $23.71 |
| − OpEx | −$14.4k | −$5.93 |
| NOI | $43.3k | $17.78 |
2,432 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$617.9K
$540.6K – $720.9K
NOI $43,251 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.25M
$1.09M – $1.46M
NOI $87,333 @ 7.0% cap · market cap 17.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Watsonburger on Morton Street
Restaurant
Location Insight
- Map
- Local Demand
- City
- Denison
- County
- Grayson
- State
- Texas
- Longitude
- -96.563879
- Latitude
- 33.760791
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - Turnkey restaurant on a highly visible corner with drive-through service, walk-in storage, and ample on-site parking.
Where is this drive through restaurant located?
The property is located at 1901 W Morton Street Denison, TX.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Highly visible corner at W. Morton St. (FM 120) and Juanita Drive with over 14,000 vehicles traveling Morton St. daily; Restaurant building built in 1970 with rock‑clad exterior and floor‑to‑ceiling windows; drive‑through window added approximately 20 years ago; Commercial kitchen infrastructure includes a walk‑in cooler, walk‑in freezer, and separate office; two bathrooms
