Denison, TX 75020,507 - 509 W Main Street

$1,490,000

Est. payment /mo
Est.Price: ?

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507 - 509 W Main Street Denison, TX 75020

6,011 Sqft Lot

SOLD DATE : 08/30/2024

Key Details

Property Type Commercial

Sub Type Business

Listing Status Sold

Purchase Type For Sale

Subdivision Stevens Add

MLS Listing ID 20700948

Sold Date 08/30/24

Total Fin. Sqft 14400

Year Built 1914

Annual Tax Amount $24,941

Lot Size 6,011 Sqft

Acres 0.138

Property Description

UPDATED RETAIL OR RESTAURANT SPACE WITH 4 LUXURY LOFTS. Building is 14,400 SF in an Opportunity Zone encompassing 507 & 509 W Main. Built in 1914, well remembered as the Piggly Wiggly store from 1939-1960. In 2016-2019, the building underwent extensive restorations adding a food hall, 5 commercial kitchens, bar and an event area. The 6000 SF 1st floor offers a temperature controlled cooler room, special tap room and restrooms. The 2nd floor boasts 8400 SF with 4 Luxury Lofts. Fully leased: 2 studios 1700 SF, 1.5 baths, 2 Two bdrm, 1900 SF, with office & 2.5 baths & an expansive 4 bdrm, 2400 SF with dual suites & 4 baths. Stair lift in rear stairwell. Remodeled to the National Parks Service historic standards, it is in the historic registry. Fire suppression & alarm system installed. This once in a lifetime opportunity to own this notable building is available now. Visit www.denisontx.org for information about destination grants. Downstairs Space is also for Lease $5500 NNN.

Location

State TX

County Grayson

Zoning Commercial Food Court Loft

Direction Located in the 500 Block of Historic Downtown Denison, TX

Interior

Heating Central, Natural Gas

Cooling Central Air, Electric

Flooring Ceramic Tile, Combination, Concrete, Hardwood, Laminate

Heat Source Central, Natural Gas

Exterior

Utilities Available All Weather Road, Alley, Asphalt, City Sewer, City Water

Roof Type Fiber Cement

Garage No

Building

Foundation Combination, Pillar/Post/Pier

Structure Type Brick,Concrete,Plaster,Wood,See Remarks

Others

Ownership TAX

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Other

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Bob Alexander • Tracy Realty
Bought with Tommi Sue Homuth • Tracy Realty

Marlene Treviño

Global Luxury Real Estate Advisor | License ID: 0696610

+1(817) 233-3232

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