Mixed-Use Building with
New
For Sale
$850,000
414 W Main Street, Denison, TX 75020
CommercialSale, Denison, TX
Property Size6,000 SF
Lot Size0.07 Acres
Price / SF$141.67
Days on Market2
Property Features for 414 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Residential Loft Upstairs Business Downstairs
Parking features
On Street, Alley, Open
Subdivision
Otp Denison
Lot features
Historic District
Directions
On Main Street in the 400 Block
Standard status
Active
APN
143123
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
OTP DENISON, BLOCK 50, LOT 8, 25 X 120 3,000,
Tax Annual Amount
12254
Legal Description
OTP DENISON, BLOCK 50, LOT 8, 25 X 120 3,000,
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1903
Floors in Building
2
Number of units
2
Flooring type
Wood
Building materials
Brick
Listing Agency:
Tracy Realty
(903) 786-3115
Listed By:
Johnathan McLeod · License #0468337
(972) 732-6000
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 11:06AM
MLS# 21402814
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.
Built in 1903, this two-story brick property has approximately 3,000 square feet on each level. The ground floor is leased to a local business on a month-to-month basis. Above it, an open loft features built-in furniture, tall windows, two 4-by-4-foot skylights, and a ventless fireplace, along with a kitchen and a bathroom with a jetted tub and walk-in shower. Wood flooring, central heating and cooling, and public water and sewer serve the building.
The property is on West Main Street in downtown Denison’s Historic Main Street Business District and is within an Opportunity Zone. Main Street has expanded sidewalks, water features, landscaping, and public art. Parking options include on-street, alley, and open parking.
The property is on West Main Street in downtown Denison’s Historic Main Street Business District and is within an Opportunity Zone. Main Street has expanded sidewalks, water features, landscaping, and public art. Parking options include on-street, alley, and open parking.
Key Highlights
- Approximately 3,000 square feet on each of two floors
- Ground‑floor space is leased to a local business on a month‑to‑month basis
- Upper‑level loft has two 4‑by‑4‑foot skylights, built‑in furniture, and a ventless fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,400
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,000
$1.2M
Cap Rate 7%
$848,571
$848.6K
Cap Rate 9%
$660,000
$660.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$108.0K $18.00/SF
− Vacancy
−$13.0K −$2.16/SF
EGI
$95.0K $15.84/SF
− OpEx
−$35.6K −$5.94/SF
NOI
$59.4K $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%
$1,188,000
Cap Rate 7%
$848,571
Cap Rate 9%
$660,000
Alternative Uses
Best Use
Retail
$1.42M
$1.24M – $1.66M
NOI $99,590 @ 7.0% cap · market cap 11.72%
Second Best
Mixed Use
$848.6K
$742.5K – $990.0K
NOI $59,400 @ 7.0% cap · market cap 6.99%
Theoretical Best
Hotel Hospitality
$3.08M
$2.69M – $3.59M
NOI $215,460 @ 7.0% cap · market cap 25.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
893
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-level layout combines an open upper-floor living space with a ground-floor business leased month to month.
Where is this mixed-use property located?
The property is located at 414 W Main Street Denison, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Approximately 3,000 square feet on each of two floors; Ground‑floor space is leased to a local business on a month‑to‑month basis; Upper‑level loft has two 4‑by‑4‑foot skylights, built‑in furniture, and a ventless fireplace
