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424 W Main St 9,000 SF Retail Building Denison, TX 75020 $800,000 ($88.89/SF)
INVESTMENT HIGHLIGHTS
- Main Street access and exposure
- Sale comes with new construction and remodel plans
- City will provide grants for historical district
EXECUTIVE SUMMARY
The Rialto Theater, an eclectic design of Scottish architect John Tulloch, opened October 4, 1920, and has been a historic gem nestled in the heart of Downtown ever since. With its prime location on Main Street, this iconic theater has witnessed the transformation of the city over the years—most recently with the ongoing $30 million renovation of Main Street. Throughout its rich history, The Rialto has been a hub for entertainment, hosting a variety of concerts (The Marx Brothers, Gene Autry, Roy Rogers, John Wayne, Elvis Presley, and more), special events, and movie screenings that have brought joy to the community. To help determine the theater's future, The University of Dallas has completed a comprehensive analysis to explore redevelopment options. As-built drawings and renderings showcasing what the theater could become are attached. In addition, the City offers development incentives, including grants that can cover up to half the cost of installing a fire suppressant system, as well as a façade improvement grant to assist with exterior restoration. Imagine The Possibilities Tour showcased The Rialto’s potential, envisioning a rooftop event space and a transformed fly tower serving as a kitchen.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,000 SF
Building Class
C
Year Built
1900
Price
$800,000
Price Per SF
$88.89
Tenancy
Single
Building Height
2 Stories
Building FAR
2.95
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
Com - Specialty or Historical District
Parking
6 Spaces (0.67 Spaces per 1,000 SF Leased)
Frontage
41’ on Main St
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 143126 | Improvements Assessment | $362,771 |
| Land Assessment | $102,000 | Total Assessment | $464,771 |
PROPERTY TAXES
Parcel Number
143126
Land Assessment
$102,000
Improvements Assessment
$362,771
Total Assessment
$464,771
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
EarnhartBuilt
424 W Main St
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