424 W MAIN STREET, DENISON, TX 75020

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424 W Main Street

Denison, TX 75020

Status of the property has changed, please contact for details

List Price$800,000

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

Listing #20609966

9,000

Square Feet

1

Number of Units

Commercial

Type

About This Property

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 Features

Location Information

County

Grayson

Subdivision

OTP Denison

Interior Features

Has Fireplace

No

Floors

Carpet

Heating

Central, Electric

Tenant Pays

All Utilities

Cooling

Central Air, Electric

Total Number of Units

1

Exterior Features

Construction

Brick

Lot Size in Acres

0.138

Foundation

Pillar/Post/Pier

Lot Size in Sq. Ft.

6,011

Roof

Built-Up

Possible Best Use

Other

Water / Sewer

Sewer Available, Water Available

Zoning

Commercial

Utilities

Sewer Available, Water Available

Building Total Area (Sq. Ft.)

9,000

Parking Description

On Street

Is One Story

No

Additional Information

Year Built Details

Preowned

Year Built

1900

Property Type

COM

Status

Active

Property SubType

Business

Lot Acres Source

Assessor

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$3,734

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$2,882

Monthly Tax

$666

Monthly Insurance

$186

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.

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Walk Score

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