Single-Story Corner Retail/Office
221-223 N Locust Street Denton, TX 76201
221-223 N Locust Street, Denton, TX, 76201
$575,000
For Sale
$575,000
Fully leased corner property with storefront visibility, on-street and rear parking, and active leases extending through mid-2027.
Property Size2,900 SF
Price / SF$198.28
Days on Market32
Property Features for 221-223 N Locust Street
General Information
- Standard status
- Active
- Size
- 2,900 SF
- Property subtype
- Office
Building Details
- Year Built
- 1965
Listing Agency
INC Realty, LLC
(972) 351-1095
Listed by
Melissa Cooper · License #0743420
Source
Xome
Added: Jun 16 Checked: Jul 17 at 2:23 am
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 INC Realty, LLC
Investment Insights
Based on property information with market context.
The property is a single-story commercial building configured for street-facing retail and professional use, with an attractive storefront presence and convenient customer parking. The building is fully leased, with two established local businesses in place under active leases extending through approximately mid-2027. The current tenancy includes Brave Combo, a nationally recognized Denton institution.
Situated on a highly visible corner at N. Locust Street and W. McKinney Street, the property is described as being about one block from the Historic Denton Square. The surrounding area includes restaurants, retail shops, entertainment venues, and professional offices, supporting a steady pattern of downtown pedestrian activity.
Positioned within the DC-G (Downtown Code – General) zoning district, the property offers flexibility for a range of downtown-compatible commercial uses, including office, retail, studio, creative, professional services, and other uses subject to City of Denton approval. For buyers or investors seeking a downtown asset that is already occupied, the combination of corner visibility, storefront character, and existing lease terms provides an immediate operating platform. For tenants looking for an established street presence in Downtown Denton, the building’s layout and parking options are practical for customer-facing operations.
Situated on a highly visible corner at N. Locust Street and W. McKinney Street, the property is described as being about one block from the Historic Denton Square. The surrounding area includes restaurants, retail shops, entertainment venues, and professional offices, supporting a steady pattern of downtown pedestrian activity.
Positioned within the DC-G (Downtown Code – General) zoning district, the property offers flexibility for a range of downtown-compatible commercial uses, including office, retail, studio, creative, professional services, and other uses subject to City of Denton approval. For buyers or investors seeking a downtown asset that is already occupied, the combination of corner visibility, storefront character, and existing lease terms provides an immediate operating platform. For tenants looking for an established street presence in Downtown Denton, the building’s layout and parking options are practical for customer-facing operations.
Key Highlights
- Fully leased, income‑producing corner commercial property in downtown Denton with active leases extending through approximately mid‑2027
- Single‑story building with approximately 2,900 SF at the corner of N. Locust St and W. McKinney St
- Zoned DC‑G (Downtown Code – General) with flexibility for office, retail, studio, creative, professional services, and other downtown‑compatible uses (subject to City approval)
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
—
—
no second resolved use
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Fully leased corner property with storefront visibility, on-street and rear parking, and active leases extending through mid-2027.
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 corner commercial property in downtown Denton with active leases extending through approximately mid‑2027; Single‑story building with approximately 2,900 SF at the corner of N. Locust St and W. McKinney St; Zoned DC‑G (Downtown Code – General) with flexibility for office, retail, studio, creative, professional services, and other downtown‑compatible uses (subject to City approval)
