1431-1437 E MCKINNEY STREET, DENTON, TX 76209

Homes for sale in Denton.

Homes for sale in 76209.


Active

List Price$4,850,000

1431-1437 E McKinney Street

Denton, TX 76209

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

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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