US 380 at Old North Road - Lot 3 multitenant, Denton, TX 76209

This commercial frontage is part of the Sereno development, an 18-acre mixed-use project in Denton, Texas. The multifamily portion on the back side of the property has been sold and is under construction, with 277 units. The sale includes the remaining commercial frontage, which has a completed preliminary plat and all utilities and entitlements. The multifamily development will be conducting improvements on the commercial tract, including fire lanes, driveway permits, and utilities. All buildings on the commercial tract are designed and approved for preliminary plat by the City. The site work plans for curb cuts and the reciprocal access agreement are city approved. The property has completed design development guidelines, covenants, conditions, and restrictions, as well as ALTA and topographic surveys, and a clean Phase-1 environmental assessment. Utility improvements are on site and being upgraded by the multifamily development. The site work leveling is complete, and ag exemptions are in place with low property tax and assessments. Sereno includes approximately 37,000 square feet of upscale shop space, fine dining establishments, and office space, along with on-site amenities such as retail, waterfront and outdoor dining, splash fountains, public art, and dog-friendly parks. The property is located at the northwest corner of US 380 at Old North, within one mile of Texas Women’s University and three miles of The University of North Texas. The property is zoned PD (SC retail base zoning) with existing entitlements and is ideal for banks, fuel operations, consumer services and goods, and restaurants. Multi-tenant retail space and restaurant sites are currently preleasing with construction to commence soon. The 8.235 acres can be acquired in its entirety with contract assignments.