0 Derby Ave Denison, TX 75020
This exceptional 0.323-acre commercial lot in Denison, Texas, presents a unique opportunity for building a custom home. Located at the southwest corner of S. Derby Ave. and W. Monterey St., this property boasts a desirable location within walking distance of the Katy Trail, Waterloo Park, and scenic Waterloo Lake. The lot is conveniently situated on a quiet dead-end street with only six other homes, offering a high degree of privacy and seclusion. The established neighborhood has a rich history, previously home to many physicians. City water, sewer, electricity, and natural gas are readily available, simplifying the construction process. The lot's advantageous corner position provides added privacy due to a greenbelt across S. Derby Ave. The asking price is $59,900, with a land value of $4.26 per square foot. The property's APN is 148080 and is zoned for residential use. The natural terrain offers a beautiful canvas for your dream home, making this an exceptional opportunity to build in a peaceful, yet convenient location. Don't miss this chance to create your ideal residence in this sought-after Denison neighborhood.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.