Historic Mixed-Use
For Sale
Contact for pricing
218-220 W Main St, Denison, TX 75020
Two connected buildings combine warehouse-style space, restaurant infrastructure, and an unfinished loft within a historic district.
Property Size9,000 SF
Price / SF$133.33
Days on Market164
Property Features for 218-220 W Main St
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Retail, Hospitality, Mixed Use
Zoning
Historical District - Main St Denison
Investment Type
Owner/User
Additional Details
Road Access
Yes
Building Details
Year Built
1890
Year Renovated
1990
Buildings
2
Stories
2
Units
3
Listing Agency:
Bertholf Commercial Real Estate
Listed By:
Evan Ramsey · License #TX 845775-SA
(903) 267-1573
Source:
Crexi
Added: May 6
Changed: Oct 3
Last Checked: Oct 14 at 11:24PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Constructed in 1890, the property comprises two connected buildings with approximately 9,000 square feet combined. The larger building contains about 6,000 square feet in an open warehouse-style configuration with industrial character. The adjoining 3,000-square-foot building includes a bar area, dining room, and commercial kitchen. An unfinished loft sits above the restaurant-oriented space and adds additional interior area for future buildout, storage, office use, or private events.
The property is located at 218-220 W Main St in downtown Denison and is zoned Historical District - Main St Denison. Its layout brings together large-format open space and an existing hospitality configuration within a single mixed-use property.
The property is located at 218-220 W Main St in downtown Denison and is zoned Historical District - Main St Denison. Its layout brings together large-format open space and an existing hospitality configuration within a single mixed-use property.
Key Highlights
- Approximately 9,000 square feet across two connected buildings
- 6,000‑square‑foot open warehouse‑style space with industrial character
- 3,000‑square‑foot hospitality area with bar, dining room, and commercial kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,100
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,782,000
$1.8M
Cap Rate 7%
$1,272,857
$1.3M
Cap Rate 9%
$990,000
$990.0K
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$162.0K $18.00/SF
− Vacancy
−$19.4K −$2.16/SF
EGI
$142.6K $15.84/SF
− OpEx
−$53.5K −$5.94/SF
NOI
$89.1K $9.90/SF
Area
Grayson County, TX
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,782,000
Cap Rate 7%
$1,272,857
Cap Rate 9%
$990,000
Alternative Uses
Best Use
Specialty Retail
$2.29M
$2.00M – $2.67M
NOI $160,056 @ 7.0% cap · market cap 13.34%
Second Best
Retail
$2.13M
$1.87M – $2.49M
NOI $149,386 @ 7.0% cap · market cap 12.45%
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
858
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two connected buildings combine warehouse-style space, restaurant infrastructure, and an unfinished loft within a historic district.
Where is this mixed-use property located?
The property is located at 218-220 W Main St 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: Approximately 9,000 square feet across two connected buildings; 6,000‑square‑foot open warehouse‑style space with industrial character; 3,000‑square‑foot hospitality area with bar, dining room, and commercial kitchen
