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    300 Main St Denison, TX 75021

    For Sale
    $850,000

    9,000 sq ft Historic Hotel, Investment Opportunity

    Property size:
    9,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This stunning 9,000 square foot historic building, located at 300 E Main Street in the heart of Denison, Texas, presents a rare investment opportunity. Built in stages, beginning with the first floor in 1893 and completed in 1911, this property boasts exquisite Saxony German design and architectural details. Originally a grocery store and saloon, it later became the Travelers Hotel in the 1930s. The 0.21-acre lot offers versatile potential for redevelopment. Imagine transforming this landmark into a boutique hotel, upscale apartments, a charming bed and breakfast, or a unique private residence. The property's location in downtown Denison places it within a vibrant community, surrounded by a diverse range of restaurants, art galleries, shops, wineries, breweries, and museums. Its proximity to Lake Texoma, the 12th largest lake in the United States, further enhances its appeal and investment potential. This is a chance to own a piece of Denison's rich history and capitalize on the area's ongoing cultural revitalization. The property is priced at $850,000 and offers significant upside for the right buyer. This is a truly unique opportunity to acquire a piece of Texas history and create a thriving business or stunning residence.

    Property Features for 300 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    9,000 SF
    Lot Size
    9,148 SF

    Building Details

    Year Built
    1893
    Property Profile Location Intelligence

    Current Use by Public Records

    The Traveler's Hotel Historical Landmark Forest Park Park Munson Park Park Denison Municipal Court Government Office City Hall Of Denison City Hall

    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
    -96.53194
    Latitude
    33.75495

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    FAQs

    What type of property is this?
    Commercial real estate - 9,000 sq ft Historic Hotel, Investment Opportunity
    Where is this commercial real estate located?
    The property is located at 300 Main St Denison, TX.
    What is the asking price?
    The asking price for this property is $850,000.
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    300 Main St Denison, TX 75021
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    Denison, TX 75021
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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
    300 Main St Denison, TX 75021
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