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Denison Income-Producing Commercial Property

200 S Armstrong Ave, Denison, TX 75020

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For Sale

$1,290,000

Income-producing property with retail, warehouse, and office space in Denison.

Property size:

6,400 SF

Lot size:

0.69 Acres

Price / SF:

$201/SF

HighLights

Large income‑producing property with three units.
Family Dollar has occupied one unit since 1994.
Vacant retail space of over 6,400 sqft with warehouse.
Recently updated 2,400 sqft unit suitable for retail or office.
Excellent visibility from Armstrong Ave (~7,600 vehicles per day).
Commercial zoning allows for retail, grocery, restaurant, and office uses.

We can help!

Listing Contact

Terrin Bertholf

For Sale

$1,290,000

Income-producing property with retail, warehouse, and office space in Denison.

Property size:

6,400 SF

Lot size:

0.69 Acres

Price / SF:

$201/SF

Added:: Mar 18, 2025
Days on Market:: 454
Last Refresh:: Jan 20 at 9:16 am

Property Features for 200 S Armstrong Ave

General Information

Standard status: Active
Size: 6,400 SF
Lot size: 0.69 Acres

We can help!

Listing Contact

Terrin Bertholf

Listing agent Terrin Bertholf License #0649544

Listing office Bertholf Commercial Real Estate

Listing date Mar 18, 2025

Source Exprealty

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

Large income‑producing property with three units.
Family Dollar has occupied one unit since 1994.
Vacant retail space of over 6,400 sqft with warehouse.
Recently updated 2,400 sqft unit suitable for retail or office.
Excellent visibility from Armstrong Ave (~7,600 vehicles per day).
Commercial zoning allows for retail, grocery, restaurant, and office uses.

Overview

This income-producing property is located in the heart of Denison. The building includes three units. One unit has been occupied by Family Dollar since 1994 and is located at 200 S. Armstrong. Another unit facing Armstrong Avenue offers over 6,400 square feet of vacant retail space with warehouse in the back, located at 210 S. Armstrong. The third unit, located at 714 W. Chestnut Street, fronts Chestnut Street and provides 2,400 square feet of recently updated space suitable for a retail business or an office. The building has been recently painted, and the roof has been inspected. The property's commercial zoning allows for various uses, including retail, grocery, restaurant, and office. It has visibility from Armstrong Avenue, which sees approximately 7,600 vehicles per day, and is located on the edge of historic Downtown Denison.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$196.6k	$30.72
− Vacancy	−$53.9k	−$8.42
EGI	$142.7k	$22.30
− OpEx	−$35.7k	−$5.58
NOI	$107.1k	$16.73

6,400 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.53M

$1.34M – $1.78M (±1% cap)

NOI $107,053 @ 7.0% cap · market cap 8.30%

Second Best

Retail

$1.52M

$1.33M – $1.77M (±1% cap)

NOI $106,230 @ 7.0% cap · market cap 8.23%

Theoretical Best

Hotel Hospitality

$3.28M

$2.87M – $3.83M (±1% cap)

NOI $229,824 @ 7.0% cap · market cap 17.82%

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

Property Profile Location Intelligence

Current Use by Public Records

Shopping centers

Suggested Use

Similar Places Nearby

The Katy Depot — 101 E Main St, Denison, TX 75021
Coinstar Kiosk | Bitcoin ATM — 200 W Crawford St Albertsons, Denison, TX 75020

Location Insight

Map
Local Demand

City: Denison
County: Grayson
State: Texas
Longitude: -96.546
Latitude: 33.7572

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For sale
Shopping centers
TX
Denison
75020
200 S Armstrong Ave

What type of property is this?

Shopping center - Income-producing property with retail, warehouse, and office space in Denison.

Where is this shopping center located?

The property is located at 200 S Armstrong Ave Denison, TX.

What is the asking price?

The asking price for this property is $1,290,000.

What are key features of this property?

This property features: Large income‑producing property with three units.; Family Dollar has occupied one unit since 1994.; **Vacant retail space of over 6,400 sqft with warehouse.**