Restored Mixed-Use
New
For Sale
$1,350,000
501 W Main Street, Denison, TX 75020
Historic downtown building combines street-level retail with two renovated residential lofts under one ownership.
Property Size3,000 SF
Days on Market2
Property Features for 501 W Main Street
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Retail
Occupancy
100%
Site & Location
Corner Location
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Building Details
Building Size
3,000 SF
Year Built
1900
Buildings
1
Listing Agency:
OnDemand Realty
(512) 771-2684
Listed By:
Rhonda Borgne · License #0560610
Source:
Texasliferealestate
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 4 at 3:56AM
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 OnDemand Realty
Investment Insights
Based on property information with market context.
Built in 1900, this restored mixed-use property brings together a street-facing retail area and two residential lofts. The lofts have been renovated, and the retail and residential spaces are currently fully leased. The property retains historic character while accommodating both commercial and residential occupancy within the same building.
Positioned at a visible corner in Historic Downtown Denison, the asset offers convenient access and nearby parking options. On-street parking is available, with multiple public parking lots within walking distance. The address is 501 W Main Street in Denison, Texas.
Positioned at a visible corner in Historic Downtown Denison, the asset offers convenient access and nearby parking options. On-street parking is available, with multiple public parking lots within walking distance. The address is 501 W Main Street in Denison, Texas.
Key Highlights
- 1900 construction with restored historic character
- Street‑level retail space plus two renovated residential lofts
- All retail and residential spaces currently fully leased
Financial Insights For 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 | $74.9k | $24.96 |
| − Vacancy | −$3.7k | −$1.25 |
| EGI | $71.1k | $23.71 |
| − OpEx | −$21.3k | −$7.11 |
| NOI | $49.8k | $16.60 |
3,000 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$711.4K
$622.4K – $829.9K
NOI $49,795 @ 7.0% cap · market cap 3.69%
Second Best
Mixed Use
$424.3K
$371.3K – $495.0K
NOI $29,700 @ 7.0% cap · market cap 2.20%
Theoretical Best
Hotel Hospitality
$1.54M
$1.35M – $1.80M
NOI $107,730 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
367
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic downtown building combines street-level retail with two renovated residential lofts under one ownership.
Where is this mixed-use property located?
The property is located at 501 W Main Street Denison, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 1900 construction with restored historic character; Street‑level retail space plus two renovated residential lofts; All retail and residential spaces currently fully leased
