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Elm Street Center 1803-1813 N Elm St 9,960 SF 100% Leased Retail Building Denton, TX 76201 $1,914,000 ($192.17/SF) 7% Cap Rate



EXECUTIVE SUMMARY
Excellent opportunity to acquire a well-located retail and office center in the heart of Denton. Property features prime frontage along Elm Street with monument signage and strong daily traffic counts, providing exceptional visibility in a high-demand corridor. Built in 1975 and well maintained, the center includes flexible suite layouts that can
accommodate a wide range of uses, making it attractive for both investors and owner-users. Close proximity to the University of North Texas, Downtown Denton, and I-35. Surrounded by established neighborhoods and steady commuter traffic, the site consistently draws customer demand. Ample on-site parking, 24-hour accessibility, and convenient entry from a dedicated turn lane enhance its functionality for tenants and visitors alike. The property provides multiple avenues for upside through lease-up, repositioning, or long-term redevelopment, all supported by Denton’s rapidly growing population and business base. For
owner-users, 1809 N Elm delivers a highly visible site in a thriving trade
area with strong fundamentals and long-term value potential
accommodate a wide range of uses, making it attractive for both investors and owner-users. Close proximity to the University of North Texas, Downtown Denton, and I-35. Surrounded by established neighborhoods and steady commuter traffic, the site consistently draws customer demand. Ample on-site parking, 24-hour accessibility, and convenient entry from a dedicated turn lane enhance its functionality for tenants and visitors alike. The property provides multiple avenues for upside through lease-up, repositioning, or long-term redevelopment, all supported by Denton’s rapidly growing population and business base. For
owner-users, 1809 N Elm delivers a highly visible site in a thriving trade
area with strong fundamentals and long-term value potential
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,960 SF
Building Class
C
Year Built
1975
Price
$1,914,000
Price Per SF
$192.17
Cap Rate
7%
NOI
$134,045
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
0.72 AC
Zoning
MN - Mixed-Use Neighborhood
Parking
33 Spaces (3.31 Spaces per 1,000 SF Leased)
Frontage
187’ on N Elm St
AMENITIES
- 24 Hour Access
- Bus Line
- Dedicated Turn Lane
- Restaurant
- Signage
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $826,072 | |
| Land Assessment | $473,460 | Total Assessment | $1,299,532 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$473,460
Improvements Assessment
$826,072
Total Assessment
$1,299,532
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Elm Street Center | 1803-1813 N Elm St
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