Downtown Restaurant and Warehouse
218 W Main Street Denison, TX 75020
New
For Sale
$1,200,000
Two connected downtown buildings offer a restaurant space with kitchen and an adjoining open warehouse-style area with an unfinished loft above.
Property Size9,000 SF
Price / SF$133.33
Days on Market2
Property Features for 218 W Main Street
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Property subtype
- Business
Building Details
- Year Built
- 1900
Listing Agency:
Bertholf Commercial Real Estate
(903) 267-1573
Listed By:
Evan Ramsey · License #0845775
Source:
Texasliferealestate
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 26 at 4:30PM
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
Investment Insights
Based on property information with market context.
This property includes two connected buildings totaling approximately 9,000 square feet, offering a mix of open warehouse-style space and hospitality-ready improvements. The larger area is configured with an open, warehouse-style layout and industrial character, with flexibility for a range of uses. The adjoining space is set up for hospitality, including an existing bar area, dining room, and a commercial kitchen, along with two restrooms.
Above the restaurant space is an unfinished loft area that could support additional future buildout or storage. The buildings are positioned along the highly visible 200 block of a Main Street corridor with surrounding downtown activity.
Overall, the configuration combines a hospitality-focused layout with an adjacent flexible industrial-style space, supported by existing kitchen infrastructure and additional room upstairs.
Above the restaurant space is an unfinished loft area that could support additional future buildout or storage. The buildings are positioned along the highly visible 200 block of a Main Street corridor with surrounding downtown activity.
Overall, the configuration combines a hospitality-focused layout with an adjacent flexible industrial-style space, supported by existing kitchen infrastructure and additional room upstairs.
Key Highlights
- Two connected downtown Denison buildings totaling approx. 9,000 SF with historic Main Street frontage (200 block).
- Approx. 3,000 SF hospitality space with existing bar area, dining room, and commercial kitchen infrastructure.
- Approx. 6,000 SF open warehouse‑style area with flexible layout and industrial character for events or production use.
Financial Insights For Industrial
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 | $73.4k | $8.16 |
| − Vacancy | −$6.5k | −$0.72 |
| EGI | $67.0k | $7.44 |
| − OpEx | −$20.1k | −$2.23 |
| NOI | $46.9k | $5.21 |
9,000 SF · lease $8.16/SF/yr · vacancy 8.80% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$2.29M
$2.00M – $2.67M
NOI $160,056 @ 7.0% cap · market cap 13.34%
Second Best
Industrial
$669.8K
$586.1K – $781.4K
NOI $46,884 @ 7.0% cap · market cap 3.91%
Theoretical Best
Hotel Hospitality
$4.62M
$4.04M – $5.39M
NOI $323,190 @ 7.0% cap · market cap 26.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - Two connected downtown buildings offer a restaurant space with kitchen and an adjoining open warehouse-style area with an unfinished loft above.
Where is this conventional restaurant located?
The property is located at 218 W Main Street Denison, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two connected downtown Denison buildings totaling approx. 9,000 SF with historic Main Street frontage (200 block).; Approx. 3,000 SF hospitality space with existing bar area, dining room, and commercial kitchen infrastructure.; Approx. 6,000 SF open warehouse‑style area with flexible layout and industrial character for events or production use.
