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    424 W Main St Denison, TX 75020

    For Sale
    $800,000

    Business - Denison, TX

    Type:Business
    Property size:
    9,000 SF
    Lot size:
    0.14 Acres
    Days on Market:
    17
    Last Refresh:
    Dec 6 at 12:06 pm

    Property Features for 424 W Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    143128
    Parking features
    On Street
    Size
    9,000 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1900
    Flooring type
    Carpet
    Building materials
    Brick
    Roof type
    Built-Up
    Architectural style
    Other

    Douglas Hayward Smith (972) 979-8413

    Listing agent Tre Allen (972) 979-8413 License #0766401

    Listing date Nov 20, 2025

    MLS# 20609966 Listing URL

    Copyright © 2025 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.

    Overview

    Historic Rialto Theater on Main

    The Rialto Theater, designed by Scottish architect John Tulloch, opened in 1920. This historic theater is located in downtown Denison on Main Street. The property has witnessed the city's transformation, including the ongoing $30 million renovation of Main Street. Throughout its history, The Rialto has hosted concerts and movie screenings. The University of Dallas has completed a comprehensive analysis to explore redevelopment options for the 9,000 square foot theater. As-built drawings and renderings showcasing potential transformations are available. The city offers development incentives, including grants that can cover up to half the cost of installing a fire suppressant system, as well as a façade improvement grant to assist with exterior restoration. The Imagine The Possibilities Tour showcased The Rialto’s potential, envisioning a rooftop event space and a transformed fly tower serving as a kitchen. The property is situated on a 0.138-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Rialto Theater Performing Arts Theater Back Stage Lounge Bar

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Denison
    County
    Grayson
    State
    Texas
    Longitude
    -96.541182
    Latitude
    33.755212

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    FAQs

    What type of property is this?
    Theater & concert hall - Iconic theater in Denison, TX with redevelopment potential.
    Where is this theater & concert hall located?
    The property is located at 424 W Main St Denison, TX.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: - Historic Landmark: Iconic theater dating back to 1920, in the heart of Downtown.; - Prime Location: Situated on Main Street, benefiting from a $30 million renovation project.; - Redevelopment Potential: Comprehensive analysis with as-built drawings and renderings showcasing redevelopment options.
    (972) 979-8413
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    424 W Main St Denison, TX 75020
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