721 Elm St, Denton, TX 76201

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.