Homes for sale - 227 W Chestnut Street, Denison, TX 75020

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Prospect Real Estate Team

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$ 999,000

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Active

227 W Chestnut Street Denison, TX 75020

0.34 Acres Lot

UPDATED:

11/26/2024 07:34 PM

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Subdivision Otp Denison

MLS Listing ID 20655450

Total Fin. Sqft 3000

Year Built 1945

Annual Tax Amount $8,326

Lot Size 0.344 Acres

Acres 0.3443

Lot Dimensions 125' x 120'

Property Description

Discover an exceptional opportunity in downtown Denison to own an income-producing restaurant building. The property offers a fully equipped commercial kitchen with a highly efficient layout. The dining area comfortably sits approximately 50 guests, complemented by a 50-seat patio. The parking lot offers over 40 spaces, with the potential for building expansion to further enhance this prime location. The building is close to restaurants such as Subway, Whataburger, 1880 Ice House, Cafe Blackbird, Nick’s Family Restaurant, and Iron Horse Bar & Grill. Downtown Denison thrives as a hub for commerce and community, housing over 200 small businesses. This building is currently leased for $5,000 per month plus NNN until December of 2027. The sale includes all kitchen equipment and furnishings.

Location

State TX

County Grayson

Zoning Central Area (Downtown District)

Direction From Highway 75 northbound, take exit 66 onto TX-503 Spur (Eisenhower Parkway), in 4.3 miles turn left onto Chestnut Street, building will be on the right.

Interior

Heating Central

Cooling Central Air

Flooring Concrete

Heat Source Central

Exterior

Utilities Available City Sewer, City Water, Co-op Electric

Roof Type Synthetic

Garage No

Building

Foundation Slab

Structure Type Brick

Others

Ownership Martin Marose, LLC

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

Listed by Terrin Bertholf • Bertholf Commercial Real Estate