227 W Chestnut St - Restaurant FOR SALE


Denison, TX 75020
$999,000 USD
903-267-1573
227 W Chestnut St, Denison, TX for Sale
$999,000 USD
Restaurant - FOR SALE
1/35
null | Request Cap Rate

227 W Chestnut St
Denison, TX 75020


HIGHLIGHTS

  • Income producing restaurant building in downtown Denison
  • Currently leased for $5,000 per month plus NNN until December of 2027
  • Dining area seats approx. 50 people with an additional 50 seat patio
  • Includes parking lot with 41 parking spots / space to expand building
  • Located on Chestnut Street with visibility from Austin Ave (~13,200 vehicles per day)
  • Located in an opportunity zone

OVERVIEW

Discover an exceptional opportunity in downtown Denison to own an income-producing restaurant building. This building is currently leased for $5,000 per month plus NNN until December of 2027. The dining area comfortably sits approximately 50 guests, complemented by a 50-seat patio. The kitchen offers a highly-functional layout. The parking lot has over 40 spaces, with the potential for building expansion to further enhance this prime location. The building is close to restaurants such as Subway, Whataburger, Emily's Kitchen, 1880 Ice House, Cafe Blackbird, Nick’s Family Restaurant, and Iron Horse Bar & Grill. Downtown Denison thrives as a hub for commerce and community, housing over 200 small businesses. This building is currently leased for $5,000 per month plus NNN until December of 2027. The sale includes all kitchen equipment and furnishings.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$333 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

15,000 SF

ZONING

Central Area

APN/PARCEL ID

143162,143164,143165

ASK ABOUT THIS PROPERTY

Terrin BertholfBertholf Commercial Real EstateMore Info
903-267-1573

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Terrin BertholfBertholf Commercial Real EstateMore Info
903-267-1573

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.