1501 S Armstrong Ave, Denison, TX 75020
- $250,000
- List Price
- $250,000
- MLS#
- 21372872
- Status
- ACTIVE
- Type
- Commercial
- Subtype
- CommercialSale
- Year Built
- 1975
- Acres
- 0.61
- County
- Grayson
- City
- Denison
- Subdivision
- Belcher I G
Property Description
Investment opportunity along S Armstrong Avenue in Denison. Situated on approximately 0.61 acres, this ±5,400-square-foot multi-tenant retail and business center is configured into five suites ranging from approximately 600 to 1,650 square feet. The provided rent roll reflects full occupancy and current monthly base rent of $3,100, providing immediate income with potential upside through future lease renewals, rent adjustments, and expense reimbursements. The flexible suite sizes accommodate a variety of neighborhood retail, service, studio, and office users. Armstrong Avenue frontage offers convenient access and visibility within an established area of south Denison. This manageable multi-tenant asset presents an attractive opportunity for an investor seeking existing cash flow with longer-term value-add potential. Rent roll and financial projections are available upon request. All information is deemed reliable but is not guaranteed. Buyer and Buyer’s Agent are responsible for independently verifying all information, including square footage, acreage, boundaries, zoning, permitted uses, leases, income and expenses, utilities, access, property condition, and suitability for Buyer’s intended use.
Additional Information
- Unexempt Taxes
- $6,004
- Tenant Pays
- Other
- Lot Size
- 26,571
- Flooring
- Other
- Foundation
- Slab
- Roof
- Shingle, Wood
- Building Stories
- 1
- Parking Garage
- Additional Parking
- Proposed Use
- Retail
- Inclusions
- Building Only, Land & Improvements
- Possession
- CloseOfEscrow
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Listing courtesy of Ryan Clevenger from MainStreet Venture Partners, L. Contact: 903-276-2611
Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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