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Denton, TX 76209
$3,900,000

About this home

Prime Investment Opportunity – Bank-Owned Stone & Stucco Retail Center in Denton, TX and in an Opportunity Zone, directly north of and across E McKinney Street from the Denton County Courts Complex.... Offered at $3,900,000..... 25,729 SF.....2 Plus Acres..... 1031 Exchange Candidate.... this stone & stucco exterior retail strip center presents an exceptional opportunity for investors seeking upside potential...... The center spans 25,729 square feet... with 46% occupancy as of July 2026..... immediate income with substantial room for value-add leasing. Strategically positioned in a high-traffic, growing commercial corridor, this asset benefits from strong visibility and proximity to Denton Courts Complex, restaurants, and local businesses.....could be an ideal location for an Hourly Attorney's Center to serve the attorneys who are in trial across the street at the Denton Courts... This property is bank-owned and could qualify as a candidate for an IRS §1031 Tax-Deferred Exchange, making it ideal for investors seeking to reinvest proceeds and defer capital gains tax...... Additionally......Land ID shows the property lies within a Federally Designated Opportunity Zone.... offering significant long-term tax incentives...... Investors who reinvest capital gains into Qualified Opportunity Zone Property may benefit from....Deferral of Capital Gains Tax until the investment is sold or exchanged....Reduction of deferred gain depending on the holding period....Possible exclusion of additional gains from the Opportunity Zone tax benefits if held for 10 years or longer......This rare combination of income-producing tenancy, development potential, Opportunity Zone tax benefits, and bank-owned pricing positions this property as an attractive acquisition for value-add, long-term investors, or 1031 exchange buyers......Come look today....

Overview

Full Baths
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Half Baths
0
Bathrooms
0
Bedrooms
0
Building Area
25729
Living Area
0
Lot Size (Acres)
2.11
Property Subtype
Retail
Property Type
Commercial Sale
Status
Active Under Contract
Year Built
2019

Interior

Cooling
Central Air, Other
Fireplaces
0
Flooring
Concrete
Heating
Natural Gas, Other

Exterior & Construction

Construction
Frame, Rock, Stone, Stucco
Foundation
Slab
Lot Features
Acreage, Corner Lot
Roof
Built-Up

Parking

Covered Parking
0
Garage Spaces
0

Location & Area

City
Denton
County
Denton
ZIP Code
76209
State
TX
Subdivision
Denton Justice Plaza

Financial

Price
3900000

Utilities

Sewer
Public Sewer
Utilities
Electricity Connected, Sewer Available, Water Available

Listing Details

Listing Agent
Steve Cook
Listing Office
Steve Cook & Co, REALTORS
MLS #
21338790
Virtual Tour
https://www.propertypanorama.com/instaview/ntreis/21338790

Listing agents

Listing AgentSteve CookSteve Cook & Co, REALTORS

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