Restored Mixed-Use
For Sale
$1,200,000
501 W Main Street, Denison, TX 75020
CommercialSale, Denison, TX
Property Size6,000 SF
Lot Size0.07 Acres
Price / SF$200
Days on Market94
Property Features for 501 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
commercial retail
Parking features
Off Street, Alley, On Street
Subdivision
Stevens Add
Lot features
Historic District
Directions
Please see GPS for directions
Standard status
Active
APN
143266
Size
6,000 SF
Lot size
0.07 Acres
Site & Location
Corner Location
Yes
Mixed-Use Components
retail, residential
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
STEVENS ADDN, BLOCK 13, LOT 32, 25X120 (C) 30
Legal Description
STEVENS ADDN, BLOCK 13, LOT 32, 25X120 (C) 30
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Number of units
3
Flooring type
Vinyl
Building materials
Brick
Roof type
Synthetic, Flat
Buildings
1
Listing Agency:
OnDemand Realty
Listed By:
Rhonda Borgne · License #0560610
(214) 766-5833
Added: Aug 1
Changed: Oct 30
Last Checked: Nov 2 at 11:06AM
MLS# 21347637
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.
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Investment Insights
Based on property information with market context.
This 6,000-square-foot mixed-use property combines street-level retail with two renovated residential lofts. Built in 1900, the building features brick construction, vinyl flooring, central heating, central air, and a synthetic flat roof. Public water and public sewer serve the property, while alley, on-street, and off-street parking provide several parking options.
Located at 501 W Main Street in Historic Downtown Denison, the property occupies a visible corner position within the downtown district. The retail and residential spaces are fully leased, and public parking lots are within walking distance. The 0.069-acre site offers a compact footprint for a multi-component downtown asset.
Located at 501 W Main Street in Historic Downtown Denison, the property occupies a visible corner position within the downtown district. The retail and residential spaces are fully leased, and public parking lots are within walking distance. The 0.069-acre site offers a compact footprint for a multi-component downtown asset.
Key Highlights
- 6,000 SF mixed‑use building with street‑level retail and two residential lofts
- Two residential lofts have been renovated
- Retail and residential spaces are fully leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,590
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,991,800
$2.0M
Cap Rate 7%
$1,422,714
$1.4M
Cap Rate 9%
$1,106,556
$1.1M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$149.8K $24.96/SF
− Vacancy
−$7.5K −$1.25/SF
EGI
$142.3K $23.71/SF
− OpEx
−$42.7K −$7.11/SF
NOI
$99.6K $16.60/SF
Area
Grayson County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,991,800
Cap Rate 7%
$1,422,714
Cap Rate 9%
$1,106,556
Alternative Uses
Best Use
Retail
$1.42M
$1.24M – $1.66M
NOI $99,590 @ 7.0% cap · market cap 8.30%
Second Best
Mixed Use
$848.6K
$742.5K – $990.0K
NOI $59,400 @ 7.0% cap · market cap 4.95%
Theoretical Best
Hotel Hospitality
$3.08M
$2.69M – $3.59M
NOI $215,460 @ 7.0% cap · market cap 17.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
884
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level retail space accompanies two renovated residential lofts.
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 $1,200,000.
What are key features of this property?
This property features: 6,000 SF mixed‑use building with street‑level retail and two residential lofts; Two residential lofts have been renovated; Retail and residential spaces are fully leased
