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Nick Van Der Gaast

nick@nicksellsdfw.com +1(817) 307-6521

$3,900,000

Est. payment - /mo

2.11 Acres Lot

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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Subdivision Denton Justice Plaza

MLS Listing ID 21338790

Total Fin. Sqft 25729

Year Built 2019

Lot Size 2.110 Acres

Acres 2.11

Property Sub-Type Retail

Property Description

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....

Location

State TX

County Denton

Zoning Planned Development

Direction From Highway Interstate 35

Interior

Heating Natural Gas, Other

Cooling Central Air, Other

Flooring Concrete

Heat Source Natural Gas, Other

Exterior

Utilities Available All Weather Road, City Sewer, City Water, Concrete, Curbs, Electricity Connected

Roof Type Built-Up

Garage No

Building

Lot Description Acreage, Corner Lot

Foundation Slab

Structure Type Frame,Rock/Stone,Stucco

Others

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Other

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Steve Cook • Steve Cook & Co, REALTORS

Nearby School & Business

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Nick Van Der Gaast

+1(817) 307-6521

Agent | License ID: 0698764

Agent License ID: 0698764

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1431 E McKinney Street Denton, TX 76209

Nick Van Der Gaast

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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