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3.5 Acres for Redevelopment
For Sale
$1,750,000

870 N Mayhill Road, Denton, TX 76208

3.5 acres with four warehouses for expansion or redevelopment.

Property Size4,800 SF
Lot Size3.50 Acres
Price / SF$364.58
Days on Market1295

Property Features for 870 N Mayhill Road

General Information

Standard status Active
Size 4,800 SF
Lot size 3.50 Acres
Property subtype Commercial/Industrial

Taxes and HOA fees

Annual Taxes $14,402

Building Details

Year Built 2009
Listing Agency: The Michael Group Real Estate
Listed By: Charles Horton · License #0546099
Source: Exitrealty
Added: Jan 21, 2023 Changed: Aug 8 Last Checked: Apr 5 at 9:03PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Michael Group Real Estate

Investment Insights

Based on property information with market context.

This property features 3.5 acres of flat land suitable for expansion or redevelopment. It includes four metal warehouses, each measuring 1200 square feet and equipped with two grade-level doors. One of the buildings is currently rented for $2000 per month on a month-to-month lease. Approximately 2 acres behind the buildings are enclosed by a screened fence. Each building has electricity, water, a bathroom, a private yard, and a security gate. The property has a water well, and city water is available at the street. The expansion of North Mayhill Road has recently been completed. This property is located in a high-growth area with close proximity to downtown Denton. The intended use of the property is for expansion or redevelopment.

Key Highlights

  • 3.5 acre lot for expansion or redevelopment in high growth area
  • Four 1200 sf metal warehouses built in 2009
  • One building currently rented for $2000 pm on month to month lease

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Hair Salon Spa & Massage Center Law Firm Nail Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

156
Businesses Nearby
Well-served
Demand for This Use

Demographics for 76208, TX

27,084
Population
9,440
Households
2.9
Avg Household Size
35
Median Age
35%
College-Educated
90%
High-School Grad
27.4 sq mi
ZIP Area
988
Density / Sq Mi
$90,833
Median Household Income
$46,843
Median Earnings
$1,591
Median Rent
$358,000
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Warehouse - 3.5 acres with four warehouses for expansion or redevelopment.
Where is this warehouse located?
The property is located at 870 N Mayhill Road Denton, TX.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 3.5 acre lot for expansion or redevelopment in high growth area; Four 1200 sf metal warehouses built in 2009; One building currently rented for $2000 pm on month to month lease
More about this property
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