521 Austin Ave Denison, TX 75020-2507

Property Details for 521 Austin Ave

Year built

1994

Lot size

0.31 lot acres

Property size

1,464 SF

Property type

Commercial real estate

APN

D011 3131191

APU

D0113131191

Description

This exceptional investment opportunity presents a 1,464 square foot gas station located at 521 N Austin Ave, Denison, TX 75020. The property sits on a 0.3-acre lot and features two gas pumps, a convenience store, and is currently operating at 100% occupancy. Built in 1994, this single-story, Class C building boasts a strong NOI of $68,500, resulting in a 9.45% cap rate. The property is zoned for local retail and operates under an Absolute NNN lease with zero years remaining. The asking price is $725,000, translating to $495.22 per square foot. Inventory is included in the sale, making this a truly turnkey operation. The property benefits from a high-traffic location on N Austin Avenue, with traffic counts ranging from 5,000 to 8,000 vehicles. This is a value-add investment opportunity with significant potential for future growth. The Grayson County location and strong current performance make this a compelling investment for those seeking a profitable, established business. The property's single-unit structure and investor-owner occupancy history further enhance its appeal. All information is based on data available at the time of listing.