Second-Gen Restaurant and
For Sale
$1,250,000
520 S Locust St, Denton, TX 76201
Turnkey, fully renovated second-generation restaurant and market space with brand-new HVAC, roof, and cold storage.
Property Size3,864 SF
Days on Market100
Property Features for 520 S Locust St
General Information
Standard status
Active
Size
3,864 SF
Property subtype
Retail
Additional Details
Grease Trap
Yes
Amenities
private outdoor patio
exterior brick fireplace
glass roll-up garage door
Building Details
Building Size
3,864 SF
Year Built
1975
Listing Agency:
SVN | Verus Commercial
Listed By:
Bryson Hudgens · License #827964
(940) 435-9994
Source:
Svn
Added: Jul 22
Changed: Oct 25
Last Checked: Oct 28 at 6:41AM
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 SVN | Verus Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This turnkey, fully renovated second-generation restaurant and market space is fully outfitted for immediate operation. The property includes a newly installed commercial HVAC system, updated commercial plumbing, and a brand-new roof designed to support maintenance-free performance. Culinary and cold storage improvements are extensive, featuring fully installed commercial walk-in cooler and walk-in freezer units, along with a specialized grease trap that is already in place and permitted.
The interior configuration supports both food service and product merchandising with newly installed commercial coolers, display fridges, and premium merchandising shelving. The space also integrates indoor and outdoor use through a private outdoor patio area anchored by a signature exterior brick fireplace, with a smooth glass roll-up garage door providing additional functional access between indoor and outdoor operations.
Infrastructure, equipment, and layout items are presented as newly installed and fully furnished as described in the remarks, offering a ready-to-operate restaurant/market setup.
The interior configuration supports both food service and product merchandising with newly installed commercial coolers, display fridges, and premium merchandising shelving. The space also integrates indoor and outdoor use through a private outdoor patio area anchored by a signature exterior brick fireplace, with a smooth glass roll-up garage door providing additional functional access between indoor and outdoor operations.
Infrastructure, equipment, and layout items are presented as newly installed and fully furnished as described in the remarks, offering a ready-to-operate restaurant/market setup.
Key Highlights
- Fully renovated second‑generation restaurant/market space with brand‑new HVAC and updated commercial plumbing
- Brand‑new roof designed for low‑maintenance operations
- Included brand‑new commercial walk‑in cooler and walk‑in freezer, with a specialized grease trap already in place and permitted
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,422
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,328,440
$1.3M
Cap Rate 7%
$948,886
$948.9K
Cap Rate 9%
$738,022
$738.0K
Market Conditions
NOI Build-Up for 3,864 SF
Gross rent
$92.7K $24.00/SF
− Vacancy
−$4.2K −$1.08/SF
EGI
$88.6K $22.92/SF
− OpEx
−$22.1K −$5.73/SF
NOI
$66.4K $17.19/SF
Area
Denton, TX
Vacancy
4.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,328,440
Cap Rate 7%
$948,886
Cap Rate 9%
$738,022
Alternative Uses
Best Use
Specialty Retail
$948.9K
$830.3K – $1.11M
NOI $66,422 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,507 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
2,135
Businesses Nearby
43k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Shops & Services 29%
Mellow Mushroom
Dining
11,092 visits/mo
0.4 miles
Rusty Taco
Dining
8,924 visits/mo
0.4 miles
Wells Fargo
Shops & Services
8,868 visits/mo
0.4 miles
Golden Chick
Dining
6,072 visits/mo
0.3 miles
Fuzzy's Taco Shop
Dining
4,312 visits/mo
0.4 miles
Demographics for 76201, TX
27,610
Population
13,087
Households
2.1
Avg Household Size
26
Median Age
46%
College-Educated
95%
High-School Grad
5.5 sq mi
ZIP Area
5,020
Density / Sq Mi
$37,863
Median Household Income
$18,308
Median Earnings
$1,128
Median Rent
$250,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey, fully renovated second-generation restaurant and market space with brand-new HVAC, roof, and cold storage.
Where is this conventional restaurant located?
The property is located at 520 S Locust St Denton, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Fully renovated second‑generation restaurant/market space with brand‑new HVAC and updated commercial plumbing; Brand‑new roof designed for low‑maintenance operations; Included brand‑new commercial walk‑in cooler and walk‑in freezer, with a specialized grease trap already in place and permitted
