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2153-2491 E University Dr
Denton, TX 76209
Sereno Village, Denton, TX · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Building Size
55,324 SF
Building Class
B
Year Built
2022
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
18.22 AC
Zoning
Commercial / Multifamily - Restaurant, retail, entertainment, grocery, anchor, multifamily, apartment
Parking
371 Spaces (6.71 Spaces per 1,000 SF Leased)
Frontage
1,699’ on US Hwy 380/University Dr

AMENITIES

  • 24 Hour Access
  • Bus Line
  • Corner Lot
  • Dedicated Turn Lane
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection
  • Waterfront
  • Drive Thru

ABOUT 2153-2491 E UNIVERSITY DR , DENTON, TX 76209

Sereno is an urban infill, 18-acre mixed-use development located in Denton, Texas. This project includes approximately 43,000 square feet of upscale shop space, 14,000 square feet of fine dining establishments, and 240 Class-A residential units. Sereno also includes several on-site amenities such as retail and grocery services, waterfront and outdoor dining, splash fountains, public art, dog-friendly parks, jogging trail, and much more. Few grocers serve Denton residents inside the 288 Loop and currently, no grocer serves the northeastern portion of the City. Sereno will fill this gap with a trade area that extends three miles north and east up to the Trinity Elm Fork and 1.5 miles south and west. Sereno will serve residents of Texas Women' s University and the 10,000 population within one mile of this site who live among the new and existing subdivisions. This property is within walking distance to the University with front door access to Denton Connect' s bus route number four. North Loop 288' s access limitations and the absence of regional intersections east of this property create high barriers to entry for this section of the City. According to North Texas Commission' s 2012 census, Denton' s 121,000-population was the 12th largest in North Texas. Denton is located 41 minutes north of Fort Worth and 44 minutes northwest of Dallas. There are only three major arterials through the City of Denton: Interstate 35, Loop 288 and US 380. Within the Loop along US 380, there are only 10 signalized crossroads; few of these are major intersections. Sereno is located at the first signalized interchange just inside the 288 Loop at the northwest corner of US 380 at Old North. Sereno is located within one mile of Texas Women' s University and within three miles of The University of North Texas. Sereno is one of the last remaining undeveloped tracts of land on the US 380 corridor inside the Loop. Three miles east of Sereno is Lake Lewisville; a natural barrier that segments the trade area. This area' s concentration of government, corporate and university employment creates ample opportunity for retailers to capture both daytime and evening sales. According to Denton Economic Development, the City' s 10 largest public employers, 20 largest private employers, and 2 universities, represent a workforce of 26,000 people.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R36980
Land Assessment
$1,233,619
Improvements Assessment
$0
Total Assessment
$1,233,619
  • Listing ID: 6378413

  • Date on Market: 3/21/2017

  • Last Updated:

  • Address: 2153-2491 E University Dr, Denton, TX 76209

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