223 Sycamore St Denton, TX 76201
- Medical offices
- 2,778 SF
- 0.32 lot acres
Current Use by Public Records
- Wild Hearts Community School / Preschool / Day Care Center
- Stoic Civil Construction / Corporate Office
- Pacific Western Bank / Corporate Office / Financial Institution
Property Details for 223 Sycamore St
- Year built
- 1930
- Lot size
- 0.32 lot acres
- Property size
- 2,778 SF
- Property type
- Medical offices
- Property subtype
- Office space
Description
This exceptional investment opportunity presents a fully renovated, 2,778 square foot mixed-use office building located at 223 W Sycamore St in Denton, Texas. The property boasts a strong 7.87% cap rate and a long-term, single-tenant NNN lease with 4.9 years remaining (commencing August 1, 2024, and expiring October 31, 2029). The building, constructed in 1930 and extensively renovated in 2019, features a desirable open-space layout, a manager's office, conference room, full kitchen and dining area, and an upstairs workroom/lounge. Seven gated parking spaces are included, along with a two-car garage and fenced backyard. The 0.32-acre lot is zoned MN Mixed Use, allowing for a variety of professional office, retail, and service uses (contact the City of Denton Planning and Zoning for a complete list of permitted uses). The building's high occupancy (100%) and strong net operating income (NOI) of $50,004 make this a compelling investment prospect. The asking price is $635,000, translating to $242.98 per square foot. Lease options are available. This is an ideal investment for those seeking a stable, high-return property in a thriving Texas market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Denton
- County
- Denton
- State
- Texas
- Longitude
- -97.134697624133
- Latitude
- 33.212536649862
