Downtown Restaurant and Event
218 W Main Street Denison, TX 75020
For Sale
$1,200,000
COMMERCIAL - Denison, TX
Property Size9,000 SF
Lot Size0.14 Acres
Price / SF$133.33
Days on Market34
Property Features for 218 W Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Assigned
- Standard status
- Active
- APN
- 143154
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- OTP DENISON, BLOCK 52, LOT 9 & 10, 50 X 120 6
- Tax Annual Amount
- 12008
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Concrete, Hardwood
- Building materials
- Brick, Concrete, Rock, Stone
- Roof type
- Metal
Listing Agency:
Bertholf Commercial Real Estate
(903) 267-1573
Listed By:
Evan Ramsey · License #0845775
(903) 267-1573
Added: Jun 23
Changed: Jul 10
Last Checked: Jul 26 at 8:06PM
MLS# 21261211
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.
Investment Insights
Based on property information with market context.
This for-sale Main Street property features two connected buildings totaling approximately 9,000 square feet. The larger space is configured with an open, warehouse-style layout and industrial character, offering flexibility for events, brewery operations, production, or redevelopment. The adjoining hospitality-focused space is set up with an existing bar area, dining room, and a commercial kitchen, along with two restrooms.
An additional unfinished loft area sits above the restaurant space, providing room for future office, private event space, storage, or possible buildout. The property is located on a highly visible 200 block Main Street corridor surrounded by ongoing downtown activity in Denison.
Overall, the building combines a warehouse-style production/event environment with an operationally oriented restaurant and kitchen foundation, plus an upper-level unfinished loft for additional development flexibility.
An additional unfinished loft area sits above the restaurant space, providing room for future office, private event space, storage, or possible buildout. The property is located on a highly visible 200 block Main Street corridor surrounded by ongoing downtown activity in Denison.
Overall, the building combines a warehouse-style production/event environment with an operationally oriented restaurant and kitchen foundation, plus an upper-level unfinished loft for additional development flexibility.
Key Highlights
- Approximately 9,000 SF total across two connected downtown buildings on Main Street in Denison
- 6,000 SF open warehouse‑style space with industrial character and flexible layout for events, brewery operations, or redevelopment
- 3,000 SF hospitality‑focused space with existing bar area, dining room, and commercial kitchen infrastructure
Financial Insights For Industrial
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 | $73.4k | $8.16 |
| − Vacancy | −$6.5k | −$0.72 |
| EGI | $67.0k | $7.44 |
| − OpEx | −$20.1k | −$2.23 |
| NOI | $46.9k | $5.21 |
9,000 SF · lease $8.16/SF/yr · vacancy 8.80% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$2.29M
$2.00M – $2.67M
NOI $160,056 @ 7.0% cap · market cap 13.34%
Second Best
Industrial
$669.8K
$586.1K – $781.4K
NOI $46,884 @ 7.0% cap · market cap 3.91%
Theoretical Best
Hotel Hospitality
$4.62M
$4.04M – $5.39M
NOI $323,190 @ 7.0% cap · market cap 26.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - Two connected downtown buildings totaling about 9,000 SF include a hospitality space, commercial kitchen, and an unfinished loft above.
Where is this conventional restaurant located?
The property is located at 218 W Main Street Denison, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 9,000 SF total across two connected downtown buildings on Main Street in Denison; 6,000 SF open warehouse‑style space with industrial character and flexible layout for events, brewery operations, or redevelopment; 3,000 SF hospitality‑focused space with existing bar area, dining room, and commercial kitchen infrastructure
