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Retail Development Site with Flexible Shell

212 N Austin Avenue Denison, TX 75020

Claim this Listing
For Sale
$399,000

COMMERCIAL - Denison, TX

Property size:
1,400 SF
Lot size:
0.49 Acres
Price / SF:
$285/SF
Added:
Jun 4, 2026
Days on Market:
38
Last Refresh:
Jul 11 at 10:06 am

Property Features for 212 N Austin Avenue

General Information

Property type
Commercial Sale
Property subtype
Other
Parking features
Alley
Standard status
Active
APN
143062
Size
1,400 SF
Lot size
0.49 Acres

Taxes and HOA fees

Tax Description
OTP DENISON, BLOCK 39, LOT 6 AND 7 AND THE E
Tax Annual Amount
5063

Utilities

Sewer type
Public Sewer
Water source
Public

Building Details

Year built
1965
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Brick
Roof type
Shingle

Listing agent Justin Holland License #0560450

Listing office Legacy & Co. Real Estate LLC Rockwall, TX

Listing date Jun 4, 2026

MLS# 21268992

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This for-sale development site includes a flexible interior shell building designed to support a wide range of high-traffic concepts. The property sits on a hard corner and presents a blank-canvas opportunity where an operator or developer can tailor the interior to the intended use, whether retail, a destination coffee shop, or a creative studio.

The location is positioned for strong exposure, with high-impact visibility on Austin Avenue and a reported daily traffic count exceeding 6,400 vehicles. It is also described as being just two blocks from Main Street in Denison, placing it in close proximity to the downtown core.

For investors, the asset is positioned to balance immediate adaptability with long-term land value in a walkable downtown setting. For tenants and operators, the flexible shell format can help streamline buildout planning for a flagship retail boutique, café concept, or creative-use offering that benefits from prominent downtown visibility.

Key Highlights

  • 21,000 SF hard‑corner development site with frontage on Austin Avenue
  • Daily traffic count exceeding 6,400 vehicles on Austin Avenue (per remarks)
  • Two blocks from Main Street (per remarks)

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 $34.9k $24.96
− Vacancy −$1.7k −$1.25
EGI $33.2k $23.71
− OpEx −$8.3k −$5.93
NOI $24.9k $17.78
1,400 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%

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 local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Dental Office Storage Facility HVAC Service Big Box & Wholesale Store Grocery & Convenience Store Pharmacy Real Estate Agency Veterinary Clinic Electrical Service (Bike/Boat/Book/etc) Store

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

Similar Off Market Nearby

  • Judy's — 430 w woodard st, denison, tx 75020

FAQs

What type of property is this?
Storefront property - Hard-corner retail land with an adaptable interior shell, positioned for high visibility along a major downtown avenue.
Where is this storefront property located?
The property is located at 212 N Austin Avenue 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 SF hard‑corner development site with frontage on Austin Avenue; Daily traffic count exceeding 6,400 vehicles on Austin Avenue (per remarks); Two blocks from Main Street (per remarks)
Contact an agent
More about this property
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