870 N Mayhill Rd Denton, TX 76208
- Commercial real estate
- 4,800 SF
- 3.50 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 870 N Mayhill Rd
- Year built
- 2009
- Lot size
- 3.50 lot acres
- Property size
- 4,800 SF
- Property type
- Commercial real estate
Description
This exceptional 3.5-acre property at 870 N Mayhill Road in Denton, Texas, presents a compelling investment opportunity. Priced at $1,650,000 ($472,000 per acre), this land offers significant potential for expansion or redevelopment. The site boasts four existing metal warehouses, each measuring 1200 square feet, providing immediate income generation or repurposing options. Two of these warehouses are currently leased on a month-to-month basis, generating $2000 per month in rental income. The property features a flat grade, simplifying development plans. Approximately two acres of the land are enclosed by a screened fence, offering additional security and potential uses. The recent expansion of North Mayhill Road enhances accessibility and visibility, positioning this property within a high-growth area of Denton. Its close proximity to downtown Denton further adds to its desirability. This is a rare opportunity to acquire a substantial land parcel with existing structures in a thriving Texas market. The sale is for land value only. The property's location and existing infrastructure make it ideal for a variety of commercial ventures. Don't miss this chance to capitalize on Denton's dynamic growth. The total building square footage is 4800 square feet.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Denton
- County
- Denton
- State
- Texas
- Longitude
- -97.08244
- Latitude
- 33.22258
