Rd - Denton, TX 76209

Property Details for 0 Rd -

Property size

9,341 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional 18-acre mixed-use development in Denton, Texas, presents a unique investment opportunity. Located on US 380 at Old North Road, Lot 2 offers 9,341 square feet of Class A retail and restaurant space across six units within a single, one-story building. The property boasts 8,766 square feet of net rentable space, priced at $279.27 per square foot, with an asking price of $2,608,704. Situated on a 62,112 square foot lot, this property benefits from high traffic counts, a convenient bus stop, and proximity to Texas Woman's University (20,000 students) and other major employers. The site is pad-ready, with all utilities and entitlements in place. A completed Traffic Impact Analysis and approved site work plans ensure a smooth development process. Agreements for reciprocal access and common area maintenance are established with the adjacent multifamily development (closing November 2023, approximately 300 units). Design development guidelines, covenants, conditions, and restrictions are finalized. Comprehensive surveys (ALTA and topographic), along with a clean Phase 1 environmental report, are available. The property is zoned PD (SC base zoning) and benefits from existing agricultural exemptions, resulting in low property taxes and assessments. Seller financing is an option. This development features waterfront amenities, including a half-acre lake, creating a unique and attractive environment for businesses and customers. The property's location on a six-lane thoroughfare ensures high visibility, with over 27,000 cars passing daily. This is one of the last remaining undeveloped tracts on the US 380 corridor inside Loop 288, presenting a rare opportunity for investors seeking a high-demand location with significant growth potential.

Location Insight

City

Denton

County

Denton

State

Texas

Longitude

-97.0989

Latitude

33.2351