1431-1437 E MCKINNEY STREET, DENTON, TX 76209
Homes for sale in Denton.
Homes for sale in 76209.
List Price$4,850,000
1431-1437 E McKinney Street
Denton, TX 76209
Listing #21104206
28,698
Square Feet
11
Number of Units
Commercial
Type
About This Property
Prime Investment Opportunity -- Bank-Owned Stone & Stucco Retail Center in Denton, TX and in an Opportunity Zone, directly north of and across McKinney Street from the Denton County Courts Complex.... Offered at $4,850,000..... 28,698 SF.....6 Plus Acres..... 1031 Exchange Candidate.... this stone & stucco exterior retail strip center presents an exceptional opportunity for investors seeking both stability and upside potential...... The center spans 28,698 square feet across 3.65 acres.... (plus 2+ acres of extra acreage)...... with 46% occupancy as of June 2025..... immediate income with substantial room for value-add leasing and additional development. Strategically positioned in a high-traffic, growing commercial corridor, this asset benefits from strong visibility and proximity to Denton Courts Complex, restaurants, and local businesses.....could be an ideal location for an Hourly Attorney's Center to serve the attorneys who are in trial across the street at the Denton Courts... This property is bank-owned and could qualify as a candidate for an IRS §1031 Tax-Deferred Exchange, making it ideal for investors seeking to reinvest proceeds and defer capital gains tax...... Additionally......Land ID shows the property lies within a Federally Designated Opportunity Zone.... offering significant long-term tax incentives...... Investors who reinvest capital gains into Qualified Opportunity Zone Property may benefit from....Deferral of Capital Gains Tax until the investment is sold or exchanged....Reduction of deferred gain depending on the holding period....Permanent exclusion of additional gains from the Opportunity Zone tax benefits if held for 10 years or longer......This rare combination of income-producing tenancy, development potential, Opportunity Zone tax benefits, and bank-owned pricing positions this property as an attractive acquisition for value-add, long-term investors, or 1031 exchange buyers......Come look today....
Property Features
Location Information
County
Denton
Subdivision
Denton Justice Plaza
Interior Features
Has Fireplace
No
Floors
Concrete
Heating
Other
Tenant Pays
All Utilities, Cable TV, Electricity, Gas, Insurance, Janitorial Service, Pest Control, Sewer, Trash Collection, Water
Cooling
Other
Total Number of Units
11
Exterior Features
Construction
Frame, Rock, Stone, Stucco
Possible Best Use
Food Service, Office, Other
Foundation
Slab
Zoning
Planned Development
Roof
Built-Up
Building Total Area (Sq. Ft.)
28,698
Utilities
Electricity Connected, Sewer Available, Water Available
Road Description
City Street, All Weather Road
Parking Description
Additional Parking, Concrete, Off Street, Parking Lot, On Street
Lake Name
Lewisville
Lot Description
Acreage, Corner Lot, Level
Is One Story
No
Lot Size in Acres
6.11
Lot Description
Acreage, Corner Lot, Level
Lot Size in Sq. Ft.
266,151
Additional Information
Year Built Details
Preowned
Tax Annual Amount
72000.0
Property Type
COM
Exclusions
All furniture, fixtures and equipment belong to the tenants.
Property SubType
Retail
Community Features
Curbs
Year Built
2019
Lot Acres Source
Appraiser
Status
Active
Similar Listings
Mortgage Calculator
$22,649
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$17,477
Monthly Tax
$4,041
Monthly Insurance
$1,131
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
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