1431 E McKinney Street, Denton, Texas, 76209
$3,900,000
25,729 Sqft
2.11 Acres
#21338790
Prime Investment Opportunity – Bank-Owned Stone & Stucco Retail Center in Denton, TX and in an Opportunity Zone, directly north of and across E McKinney Street from the Denton County Courts Complex.... Offered at $3,900,000..... 25,729 SF.....2 Plus Acres..... 1031 Exchange Candidate.... this stone & stucco exterior retail strip center presents an exceptional opportunity for investors seeking upside potential...... The center spans 25,729 square feet... with 46% occupancy as of July 2026..... immediate income with substantial room for value-add leasing. 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....Possible 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
- 11 Unit(s)
- Utilities : All Weather Road,City Sewer,City Water,Concrete,Curbs,Electricity Connected
- Parking Features: Additional Parking,Concrete,Off Street,On Street,Parking Lot
- Lot Features : Acreage,Corner Lot
- Lot Features : Built-Up
- Road Frontage Type : City Street
- Building Use : Church,Office,Restaurant,Retail,Other
- Cooling: Central Air,Other
- Heating : Natural Gas,Other
- Construction Materials: Frame,Rock/Stone,Stucco
- Construction Materials Walls : Metal
- Foundation Details: Slab
- Topography : almost flat
- Flooring : Concrete
- Ceiling Height : 8 to10 Feet,11 to 14 Feet,Suspended
- Green Verification Count : 0
- Zoning Description : Planned Development
PROPERTY DETAILS
ID: 21338790
Status: Active
Price: $3,900,000
Acres: 2.11 Acres
Price Per Acre: $1,848,341
Type: Commercial
Address: 1431 E McKinney Street
City, State: Denton, Texas
County: Denton
Zip Code: 76209
Lat/Long: 33.216214, -97.114819
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