Building Details

Year Built 1965

Listing Agency: Legacy & Co. Real Estate LLC

Listed By: Justin Holland · License #0560450 Show Phone

Source: Yourdavisteam

Added: Jul 17 Changed: Sep 8 Last Checked: Oct 7 at 1:06PM

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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 Legacy & Co. Real Estate LLC

Investment Insights

Based on property information with market context.

This commercial land offering includes a 21,000-square-foot hard-corner site centered on a building with a flexible interior shell. The existing structure measures 1,400 square feet and provides an adaptable starting point for redevelopment or occupancy. The property information identifies potential concepts including retail, a coffee shop, and a creative studio.

Located at 212 N Austin Avenue, the site records daily traffic exceeding 6,400 vehicles and sits two blocks from Main Street. It is positioned within downtown Denison’s historic district, which received the 2025 Great American Main Street Award.

Key Highlights

• 21,000‑square‑foot hard‑corner commercial site
• Existing 1,400‑square‑foot building with flexible interior shell
• Daily traffic count exceeding 6,400 vehicles on Austin Avenue

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,898

Cap Rate

6.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$497,960 $498.0K

Cap Rate 7%

$355,686 $355.7K

Cap Rate 9%

$276,644 $276.6K

Market Conditions

NOI Build-Up for 1,400 SF

Gross rent

$34.9K $24.96/SF

− Vacancy

−$1.7K −$1.25/SF

EGI

$33.2K $23.71/SF

− OpEx

−$8.3K −$5.93/SF

NOI

$24.9K $17.78/SF

Area

Grayson County, TX

Vacancy

5.00%

Lease Rate

$24.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$497,960

Cap Rate 7%

$355,686

Cap Rate 9%

$276,644

Alternative Uses

Best Use

Specialty Retail

$355.7K

$311.2K – $415.0K (±1% cap)

NOI $24,898 @ 7.0% cap · market cap 6.24%

Second Best

Retail

$332.0K

$290.5K – $387.3K (±1% cap)

NOI $23,238 @ 7.0% cap · market cap 5.82%

Theoretical Best

Hotel Hospitality

$718.2K

$628.4K – $837.9K (±1% cap)

NOI $50,274 @ 7.0% cap · market cap 12.60%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Dental Office Storage Facility HVAC Service Big Box & Wholesale Store Grocery & Convenience Store Pharmacy

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

783

Businesses Nearby

Explore this area Business Placement

Demographics for 75020, TX

23,782

Population

10,802

Households

2.2

Avg Household Size

42

Median Age

19%

College-Educated

90%

High-School Grad

61.0 sq mi

ZIP Area

390

Density / Sq Mi

$66,308

Median Household Income

$38,656

Median Earnings

$1,136

Median Rent

$187,200

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Commercial land - Hard-corner development site with an existing flexible interior shell and visibility along Austin Avenue.

Where is this commercial land located?

The property is located at 212 N Austin Ave Denison, TX.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: 21,000‑square‑foot hard‑corner commercial site; Existing 1,400‑square‑foot building with flexible interior shell; Daily traffic count exceeding 6,400 vehicles on Austin Avenue