721 Elm StDenton, TX 76201

For Sale
$1,300,000

High-yield retail property, 7,373 SF

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 7,373 square foot retail property, located at 721 S Elm St in Denton, Texas (zip code 76201), presents a rare investment opportunity. Built in 1938, this single-story building sits on a 0.78-acre lot, including a 0.25-acre gravel area with potential for development or additional parking. Currently 100% leased, generating a Net Operating Income (NOI) of $97,411 and a 7.49% capitalization rate, the asking price is $1,300,000 ($176.32 per square foot). The property is zoned DC-G and benefits from its prime location in Downtown Denton, near UNT and TWU, ensuring high traffic counts and a vibrant atmosphere. This desirable location attracts a diverse mix of retail, restaurant, and office tenants, making it an ideal investment for owner-users seeking a strong return. The property's location off Bell Avenue further enhances its visibility and accessibility.

Highlights

  • High-traffic location on Bell Avenue in Downtown Denton.
  • Proximity to UNT and TWU college campuses.
  • Highly desirable location for retail, restaurant, and office uses with strong foot traffic and vibrant activity.

Property Details for 721 Elm St

Property type
Other retail properties, Individual retail properties
Square Feet
7,373 SF
Year Built
1938
Buildings
1
Stories
1
Lot Size (sq. ft)
33,977 SF

Location Insight

City
Denton
County
Denton
State
Texas
Latitude
33.2074862
Longitude
-97.1336103
721 Elm St, Denton, Texas

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721 Elm St
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