721 Elm St Denton, TX 76201
- Retail properties
- 7,373 SF
- 0.78 lot acres
Current Use by Public Records
- Pepe Le Barbershop / Barber Shop
- Life In The Word Church / Church
- Cara Mia Permanent Makeup / Permanent Make-Up Clinic
Property Details for 721 Elm St
- Year built
- 1938
- Lot size
- 0.78 lot acres
- Property size
- 7,373 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional 7,373 square foot retail property, located at 721 S Elm St in Denton, Texas (zip code 76201), presents a rare investment opportunity. Built in 1938, this single-story building sits on a 0.78-acre lot, including a 0.25-acre gravel area with potential for development or additional parking. Currently 100% leased, generating a Net Operating Income (NOI) of $97,411 and a 7.49% capitalization rate, the asking price is $1,300,000 ($176.32 per square foot). The property is zoned DC-G and benefits from its prime location in Downtown Denton, near UNT and TWU, ensuring high traffic counts and a vibrant atmosphere. This desirable location attracts a diverse mix of retail, restaurant, and office tenants, making it an ideal investment for owner-users seeking a strong return. The property's location off Bell Avenue further enhances its visibility and accessibility.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Denton
- County
- Denton
- State
- Texas
- Longitude
- -97.1336
- Latitude
- 33.2075
