114 N Houston Ave Denison, TX 75021
For Sale
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This magnificent 19,200 square foot commercial building presents a unique investment opportunity in the heart of revitalized downtown Denison, Texas. Situated on a 0.48-acre lot directly across from the fully restored Katy Depot, this two-story building with a basement boasts impressive architectural details and expansive open floor plans. High ceilings throughout offer exceptional versatility for a variety of commercial uses. The property benefits from its location within a thriving area experiencing significant recent growth, including the opening of new lofts, retail spaces, galleries, and boutiques, as well as the Green Growler. The building's substantial size and flexible layout provide ample space for creative adaptation to suit diverse business needs. The presence of a basement adds further potential for storage or expansion. This is a rare chance to acquire a landmark property in a rapidly developing downtown district, poised for continued growth and increased value. The building's prime location and substantial size make it an ideal investment for entrepreneurs and developers seeking a prominent presence in a vibrant and historic Texas town. The existing infrastructure and recent revitalization efforts in the surrounding area contribute to a strong foundation for future success. This property offers a compelling blend of historical charm and modern potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.