Downtown Denison Office with
121 S Austin Avenue, Denison, TX 75020
SINGLE_FAMILY - Denison, TX
Type:Office
Property size:
1,677 SFLot size:
0.10 AcresPrice / SF:
$313/SF- Added:
- Mar 11, 2026
- Days on Market:
- 84
- Last Refresh:
- Jun 2 at 8:06 pm
Property Features for 121 S Austin Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- Off Street, Parking Lot
- Standard status
- Active
- APN
- 143168
- Size
- 1,677 SF
- 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 agent Cory Meals License #0636222 (888) 519-7431
Listing office eXp Realty LLC Austin, TX (888) 519-7431
Listing date Mar 11, 2026
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.
HighLights
- Premier downtown Denison location on a hard corner with exceptional exposure and strong street presence.
- Private parking lot, a rare and invaluable asset in the downtown area.
- Functional and flexible interior layout, currently configured as a law practice, easily adaptable for various business uses.
- Located in the growing Sherman‑Denison area, benefiting from corporate investment and expanding employment opportunities.
- Approximately 1,677 square feet of office space on a corner lot maximizing visibility and accessibility.
- Proximity to downtown restaurants, shops, entertainment, and community events.
Overview
Located on the corner of Austin Ave & Chestnut St in downtown Denison, this commercial office building offers exceptional exposure. The interior is configured for a law practice, featuring an open flex space, two private offices, a large conference room, two restrooms, and a dedicated storage and equipment closet. The layout balances privacy and openness, making it practical for client-facing and operational needs. A private parking lot provides convenient parking for owners, employees, and customers. The building offers approximately 1,677 square feet of office space and sits on a corner lot. Businesses positioned in downtown Denison enjoy proximity to restaurants, shops, entertainment, and community events. The property is suited for a professional service creative firm or growing business looking to establish a downtown footprint. The Texoma region is experiencing increased demand for commercial and professional space.
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.
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
Location Insight
- Map
- Local Demand
- City
- Denison
- County
- Grayson
- State
- Texas
- Longitude
- -96.537101
- Latitude
- 33.754636
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - High-visibility office building in downtown Denison with private parking.
Where is this office units 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: Premier downtown Denison location on a hard corner with exceptional exposure and strong street presence.; Private parking lot, a rare and invaluable asset in the downtown area.; Functional and flexible interior layout, currently configured as a law practice, easily adaptable for various business uses.
