Restored Mixed-Use
For Sale
$1,200,000
501 W Main Street, Denison, TX 75020
Historic downtown building combines street-level retail with two renovated residential lofts under one ownership.
Property Size6,000 SF
Days on Market82
Property Features for 501 W Main Street
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Retail
Occupancy
100%
Site & Location
Corner Location
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Building Details
Building Size
6,000 SF
Year Built
1900
Buildings
1
Listing Agency:
OnDemand Realty
Listed By:
Rhonda Borgne · License #0560610
(405) 833-2338
Source:
Texasliferealestate
Added: Aug 3
Changed: Oct 19
Last Checked: Oct 21 at 4:05AM
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
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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
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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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Paved road access
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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 $1,200,000.
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
