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Property profile & analytics
FOR SALE
Commercial real estate

114 N Houston Ave Denison, TX 75021

9,200 SF 0.48 ac lot Built 1985
Entity Owned 2-yr Hold Free & Clear
Property ID
US82-4103045
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1985
Total area 9,200 SF
Lot 0.48 ac (20,778 SF)
APN D015 3131390
UPID US82-4103045
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$940k
Owner & transaction history
The Peanut Building LLC · 2 yrs held
The Peanut Building LLC
since 2023
3 recorded transactions
2023
Price N/A
2019
Price N/A
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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