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    North - Denton, TX 76209

    For Sale
    $2,438,000

    Prime US 380 hard corner, pad-ready.

    Property size:
    11,463 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 11,463 square foot, Class A retail property in Denton, Texas, presents a unique investment opportunity. Situated on a 55,200 square foot lot at a hard corner on US 380, this two-story building boasts 9,490 square feet of net rentable space, priced at $212.68 per square foot. The property is zoned PD (SC base zoning - commercial) and is fully entitled, with all utilities in place. Significant infrastructure improvements are complete, including site leveling, utility upgrades, and approved site work plans. Adjacent to a soon-to-be-completed 300-unit multifamily development (closing November 2023), this location benefits from increased traffic and a large potential customer base. The property is ideally suited for a bank, QSR/fast food establishment, or restaurant, and is located near Texas Women's University (20,000 students) and other major employers, ensuring high visibility and strong potential for daytime and evening sales. The property's location on US 380, a major arterial, provides excellent access and high traffic counts. The seller is offering financing options. This is a rare opportunity to acquire a prime retail property in a rapidly growing area with limited competition and high barriers to entry. The property is ag-exempt, resulting in low property taxes and assessments. Final platting is underway.

    Property Features for 0 North -

    General Information

    Property type
    Restaurants
    Square Feet
    11,463 SF
    Class
    A

    Building Details

    Stories
    2

    HighLights

    • 11,463 SF Class A retail building on a 55,200 SF lot in Denton, TX, with 9,490 SF of net rentable space priced at $212.68/SF.
    • High traffic counts on US 380, a major arterial, with a bus stop at the front door.
    • Rapid residential growth and proximity to major employers, including Texas Women's University.
    • High barrier to entry due to limited availability of large retail land parcels in the area.
    • Strong commercial demand with minimal competition.
    • Class A property in a controlled development with waterfront features; seller financing available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    Map

    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.0988974
    Latitude
    33.2351122

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    FAQs

    What type of property is this?
    Restaurant - Prime US 380 hard corner, pad-ready.
    Where is this restaurant located?
    The property is located at North - Denton, TX.
    What is the asking price?
    The asking price for this property is $2,438,000.
    What are key features of this property?
    This property features: 11,463 SF Class A retail building on a 55,200 SF lot in Denton, TX, with 9,490 SF of net rentable space priced at $212.68/SF.; High traffic counts on US 380, a major arterial, with a bus stop at the front door.; Rapid residential growth and proximity to major employers, including Texas Women's University.
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    North - Denton, TX 76209
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    North - Denton, TX 76209
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