Fully Leased Corner Retail
221-223 N Locust Street, Denton, TX 76201
New
SINGLE_FAMILY - Denton, TX
Type:Office
Property size:
2,900 SFLot size:
0.12 AcresPrice / SF:
$198/SF- Added:
- Jun 26, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 26 at 4:06 am
Property Features for 221-223 N Locust Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- Parking Lot, On Street
- Standard status
- Active
- APN
- R32923
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- O T DENTON BLK 16 LOT 3(N50' OF S102' & W12'
- Tax Annual Amount
- 6469
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Laminate, Carpet
- Building materials
- Brick
- Roof type
- Metal
Listing agent Melissa Cooper License #0743420 (972) 351-1095
Listing office INC Realty, LLC Denton, TX (972) 351-1095
Listing date Jun 26, 2026
MLS# 21312731
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.
HighLights
- Fully leased, income‑producing single‑story commercial property with approximately 2,900 SF at the corner of N. Locust St and W. McKinney St
- Two established local businesses occupy 100% of the space; active leases extend through approximately mid‑2027
- Just one block from the Historic Denton Square in Downtown Denton
- DC‑G (Downtown Code - General) zoning allows downtown‑compatible uses such as office, retail, studio, creative, and professional services (subject to City approval)
- Brick construction with a metal roof; utilities include public water and public sewer
- Parking includes on‑street parking plus a parking lot and additional rear parking
Overview
This fully leased, income-producing commercial property consists of a single-story building with approximately 2,900 square feet. The site is 100% occupied by two established local businesses operating under active leases that extend through approximately mid-2027. The building’s design supports retail and street-facing use, with storefront presence and parking options that serve both customers and tenants.
Located at 221-223 N Locust Street with frontage at the corner of N. Locust Street and W. McKinney Street in downtown Denton, the property benefits from highly visible corner exposure. On-street parking is available, and there is also additional rear parking. The property sits within the DC-G (Downtown Code - General) zoning district, which allows flexibility for a variety of downtown-compatible uses, subject to City of Denton approval.
With current tenants in place and downtown-oriented amenities nearby, this asset is suited for buyers seeking a maintained, occupied commercial property in a retail-and-professional corridor. Existing tenancy provides continuity of operations, while the DC-G zoning framework supports potential future use adjustments such as office, retail, studio, creative, and professional services, subject to approval. Showings are by appointment only with advance notice; please do not disturb tenants.
Located at 221-223 N Locust Street with frontage at the corner of N. Locust Street and W. McKinney Street in downtown Denton, the property benefits from highly visible corner exposure. On-street parking is available, and there is also additional rear parking. The property sits within the DC-G (Downtown Code - General) zoning district, which allows flexibility for a variety of downtown-compatible uses, subject to City of Denton approval.
With current tenants in place and downtown-oriented amenities nearby, this asset is suited for buyers seeking a maintained, occupied commercial property in a retail-and-professional corridor. Existing tenancy provides continuity of operations, while the DC-G zoning framework supports potential future use adjustments such as office, retail, studio, creative, and professional services, subject to approval. Showings are by appointment only with advance notice; please do not disturb tenants.
Local Financial Insights For Office B
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 | $78.3k | $27.00 |
| − Vacancy | −$17.6k | −$6.08 |
| EGI | $60.7k | $20.93 |
| − OpEx | −$15.2k | −$5.23 |
| NOI | $45.5k | $15.69 |
2,900 SF · lease $27.00/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$650.2K
$568.9K – $758.5K
NOI $45,512 @ 7.0% cap · market cap 7.92%
Second Best
Retail
$606.9K
$531.1K – $708.1K
NOI $42,484 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$906.1K
$792.8K – $1.06M
NOI $63,424 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Denton
- County
- Denton
- State
- Texas
- Longitude
- -97.132685
- Latitude
- 33.216377
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Fully occupied single-story corner property with strong storefront presence and parking for downtown-facing business use.
Where is this office building located?
The property is located at 221-223 N Locust Street Denton, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Fully leased, income‑producing single‑story commercial property with approximately 2,900 SF at the corner of N. Locust St and W. McKinney St; Two established local businesses occupy 100% of the space; active leases extend through approximately mid‑2027; Just one block from the Historic Denton Square in Downtown Denton
