Advertise
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Denison Restaurant Building For Sale Title is generated by Realmo AI

    1721 S Armstrong Avenue, Denison, TX 75020

    View on Map
    Claim this Listing
    For Sale
    $1,000,000

    Income-producing restaurant property in Denison, TX, renovated in 2021.

    Type:Commercial/Industrial
    Property size:
    3,682 SF
    Lot size:
    0.64 Acres
    Price / SF:
    $271/SF
    Added:
    Jul 1, 2024
    Days on Market:
    714
    Last Refresh:
    May 19 at 11:47 pm

    Property Features for 1721 S Armstrong Avenue

    General Information

    Standard status
    Active
    Size
    3,682 SF
    Lot size
    0.64 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1940

    We can help!

    Listing Contact
    Terrin Bertholf

    Listing agent Terrin Bertholf License #0649544

    Listing office Bertholf Commercial Real Estate

    Listing date Jul 1, 2024

    Source Exitrealty

    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 Bertholf Commercial Real Estate

    HighLights

    • Income‑producing property with tenant in place until May 2027
    • Tenant pays $7,250 per month
    • Completely renovated in 2021
    • Large outdoor patio with stage, accommodating 110+ guests
    • 50 parking spaces in recently paved parking lots
    • Tenant is a highly‑rated restaurant (4.8 stars on Google)

    Overview

    This income-producing building, located in the heart of Denison, is leased to Kickbacks restaurant. The building was completely renovated in 2021. The tenant is in place paying $7,250 per month until May of 2027. The dining room can seat over 60 guests. The outdoor patio can accommodate another 110+ guests and has a stage that is fully equipped for live music. The building has a total of 50 parking spaces in the recently paved parking lots. Updates completed in 2021 include components such as: parking lot, roof, interior finish out, windows, floors, HVAC, plumbing, wiring, and three phase power. The property is a highly rated Denison restaurant, boasting a 4.8 star rating on Google from over 350 reviews. The property size is 3682 square feet.

    Local Financial Insights For Specialty Retail

    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 $91.9k $24.96
    − Vacancy −$4.6k −$1.25
    EGI $87.3k $23.71
    − OpEx −$21.8k −$5.93
    NOI $65.5k $17.78
    3,682 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $935.4K
    $818.5K – $1.09M (±1% cap)
    NOI $65,481 @ 7.0% cap · market cap 6.55%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Hotel Hospitality
    $1.89M
    $1.65M – $2.20M (±1% cap)
    NOI $132,221 @ 7.0% cap · market cap 13.22%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM Atm Kickback's Backyard Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Denison
    County
    Grayson
    State
    Texas
    Longitude
    -96.5507394
    Latitude
    33.7384991

    Nearby Similar for Sale

    • $2,203,600
      14,730 SF

      Light Industrial Warehouse with New TPO Roof

      Flex warehouse zoned light industrial with a new TPO roof and newly constructed storefront/office space.
      613 S Armstrong Avenue, Denison, TX 75020
      View Details
    • $675,000
      10,850 SF

      Retail Building with Open-Span Space

      Large open-span retail building on a half-acre along a main access road near Historic Downtown Denison.
      3000 & 3006 S Woodlawn Boulevard, Denison, TX 75020
      View Details
    • $650,000
      4,428 SF

      Single-Story Brick Office Building

      Visible corner building with multiple open rooms, a commercial kitchen, and flexible site space across two combined parcels.
      1500 W Crawford Street, Denison, TX 75020
      View Details
    • $699,000
      3,706 SF

      Renovated Creative Office Compound

      Completely renovated 1920s home with carriage house, suited for creative tenants and outdoor events in Denison.
      500 W Woodard Street, Denison, TX 75020
      View Details
    • $499,900
      2,432 SF

      Drive-Through Restaurant Corner Property

      Turnkey restaurant on a highly visible corner with drive-through service, walk-in storage, and ample on-site parking.
      1901 W Morton Street, Denison, TX 75020
      View Details
    • $1,200,000

      Two-Story Adaptive Reuse Building

      Flexible two-story structure with expansive open spans, high ceilings, and a private lot with about 20 spaces.
      114 N Houston Avenue, Denison, TX 75021
      View Details
    • $2,700,000
      36,000 SF

      Historic Office Building with Elevator

      Four-story historic building with move-in ready offices, elevator service, and restored restrooms across every floor.
      531 W Main Street, Denison, TX 75020
      View Details
    • $550,000

      Industrial Office Building with Parking

      Flexible office and open areas on a partially restored industrial site, supported by 45–50 parking spaces.
      307 W Coffin Street, Denison, TX 75020
      View Details
    • $1,800,000
      4,764 SF

      Turnkey Daycare Facility with Real Estate

      Established, fully operational childcare center with licensed capacity, indoor classrooms, and an oversized outdoor playground.
      117 N Lillis Lane, Denison, TX 75020
      View Details
    • $849,000

      Historic Three-Story Building

      Built in 1801, this historic three-story structure offers a rare restoration and investment opportunity in downtown Denison.
      1100 S Austin Avenue, Denison, TX 75020
      View Details
    • $449,900

      Drive-Through Restaurant Building

      Renovated restaurant building with functional drive-through, dining space, and extensive cooking and prep areas.
      2400 Woodlawn Boulevard, Denison, TX 75020
      View Details
    • $525,000

      Downtown Office Building with Parking

      Corner-exposed office layout with open flex space, private offices, conference room, and dedicated parking for clients and staff.
      121 S Austin Avenue, Denison, TX 75020
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Income-producing restaurant property in Denison, TX, renovated in 2021.
    Where is this conventional restaurant located?
    The property is located at 1721 S Armstrong Avenue Denison, TX.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Income‑producing property with tenant in place until May 2027; Tenant pays $7,250 per month; **Completely renovated in 2021**
    (903) 267-1573
    We can help!
    Listing Contact
    Terrin Bertholf
    Real Estate License ID: 0649544
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1721 S Armstrong Avenue, Denison, TX 75020
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!