Downtown Office Building with
121 S Austin Avenue Denison, TX 75020
121 S Austin Avenue, Denison, TX, 75020
$525,000
For Sale
$525,000
SINGLE_FAMILY - Denison, TX
Property Size1,677 SF
Lot Size0.10 Acres
Price / SF$313.06
Days on Market31
Property Features for 121 S Austin Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- Parking Lot, Off Street
- Standard status
- Active
- APN
- 143168
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Description
- OTP DENISON, BLOCK 52, LOT S 100FT 31 & 32, A
- Tax Annual Amount
- 5727
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1995
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete
- Building materials
- Brick, Block
- Roof type
- Flat, Asphalt
Listing Agency
eXp Realty LLC
(888) 519-7431
Austin, TX
Listed by
Cory Meals · License #0636222
(888) 519-7431
Added: Jun 18 Checked: Jul 18 at 2:06 am
MLS# 21156244
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 downtown office building at 121 S Austin Avenue is set on a hard corner and designed for professional use. The interior is currently configured to support a law-practice style layout, with an open flex area that works for collaboration or client reception, plus two private offices for focused work. A large conference room provides a dedicated setting for meetings, presentations, or discussions. The space also includes two restrooms and a dedicated storage and equipment closet, balancing privacy with day-to-day functionality.
The property’s corner positioning on Austin Avenue and Chestnut Street provides strong street presence and visibility on two sides, supporting walkable downtown access. A key benefit is the inclusion of its own private parking lot, offering convenient parking for owners, employees, and customers in a central business district.
For buyers or operators seeking a ready-to-use professional office in a recognizable downtown setting, the existing room mix offers flexibility for multiple business types that value both client-facing space and private offices. The dedicated parking and practical layout can help reduce friction for daily operations while maintaining a professional environment for meetings and appointments.
The property’s corner positioning on Austin Avenue and Chestnut Street provides strong street presence and visibility on two sides, supporting walkable downtown access. A key benefit is the inclusion of its own private parking lot, offering convenient parking for owners, employees, and customers in a central business district.
For buyers or operators seeking a ready-to-use professional office in a recognizable downtown setting, the existing room mix offers flexibility for multiple business types that value both client-facing space and private offices. The dedicated parking and practical layout can help reduce friction for daily operations while maintaining a professional environment for meetings and appointments.
Key Highlights
- Commercial office building on the hard corner of Austin Ave & Chestnut St in downtown Denison.
- Approximately 1,677 SF of office space configured with open flex area, two private offices, and a large conference room.
- Includes two restrooms and dedicated storage/equipment closet.
Local Financial Insights For Office B
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 | $51.5k | $30.72 |
| − Vacancy | −$14.1k | −$8.42 |
| EGI | $37.4k | $22.30 |
| − OpEx | −$9.4k | −$5.58 |
| NOI | $28.1k | $16.73 |
1,677 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$400.7K
$350.6K – $467.5K
NOI $28,051 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$860.3K
$752.8K – $1.00M
NOI $60,221 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Davis Legal | Grayson ...
Law Firm
Black Bull Limousine ...
Car Rental Facility
Bill Kennedy Law, ...
Law Firm
Kensko Aquatics LLC
General Contractor
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FAQs
What type of property is this?
Office building - Corner-exposed office layout with open flex space, private offices, conference room, and dedicated parking for clients and staff.
Where is this office building located?
The property is located at 121 S Austin Avenue Denison, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Commercial office building on the hard corner of Austin Ave & Chestnut St in downtown Denison.; Approximately 1,677 SF of office space configured with open flex area, two private offices, and a large conference room.; Includes two restrooms and dedicated storage/equipment closet.
