414 W Main St 6,000 SF Retail Building Denison, TX 75020 $975,000 ($162.50/SF) 4% Cap Rate

This fully restored and operational 1903 building is in the exact center of downtown Denison's Historic Main Street Business District. The building is the famous T.E. Horan building, one of the first Post Modern buildings built in Denison, Texas.
The upstairs loft is richly appointed in period correct, 1903 era wall coverings, columns, built-in furniture, skylights, stairwells and living spaces. Some of the historic architectural salvage pieces date back to 1876. The loft has an open, "view through" layout, with no specific enclosed bedrooms or enclosed features, other than the New Orleans style bathroom and master closet with a clothes washing area. The upstairs loft is turn key ready.
There are no defects or problems in this structure. Both the upstairs loft and downstairs commercial area are approximately 25' x 125', around 3,000 s.f. on each floor. With a 15' tall ceiling downstairs and a near 13' tall ceiling upstairs, which provides a airy, clean and palatial feel to the building.
This famous building is the epicenter of the Historic Districts' main entertainment and shopping area. The downtown area has a pleasant, slow moving, polite, Southern Hospitality charm to it. With over 40 families living on Main Street, we are a close and friendly community. We now have new additional trees, shrubs, flower gardens, water features and fountains in front of this building, which the D3 Urban Renewal Project has installed. The police station and fire departments are right down the street, 0.4 miles away.
Denison's Main Street was won several national awards for beautification and design; and has been featured in magazines like Texas Monthly, Texas Highways, HGTV, and other state and national publications. And this building, that you are considering right how, is featured photographically in just about all these media publications. It holds a prominent spot as one of the most photographed city blocks in Texas.
With the return of Texas Instruments, and the attractions of the 89,000 Lake Texoma (8.7 miles away), with its new Margaritaville and Hard Rock Cafe & Hotel Casino; this area is seeing an current infusion of over $10 Billion dollars being spent here in development and infrastructure. And yet, Denison still retains its safe and small town atmosphere. We are having phenomenal growth right now. This is a turn-key opportunity, and it's a premiere location where you can begin moving in immediately. Call my office to schedule a tour. Gary Thomas (903) 267-9306, and talk to me or my Management Assistant, Heather. THERE IS A 20 MINUTE "WALK-THROUGH" VIDEO ON YOUTUBE AT.... https://youtu.be/39GRvz8kqtk? or search Youtube for.. "DOWNTOWN LOFT/RETAIL BUILDING FOR SALE IN DENISON, TEXAS"