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507 - 509 W Main Street Denison, TX 75020
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Subdivision Stevens Add
MLS Listing ID 20700948
Sold Date 08/30/24
Total Fin. Sqft 14400
Year Built 1914
Annual Tax Amount $24,941
Lot Size 6,011 Sqft
Acres 0.138
Property Description
UPDATED RETAIL OR RESTAURANT SPACE WITH 4 LUXURY LOFTS. Building is 14,400 SF in an Opportunity Zone encompassing 507 & 509 W Main. Built in 1914, well remembered as the Piggly Wiggly store from 1939-1960. In 2016-2019, the building underwent extensive restorations adding a food hall, 5 commercial kitchens, bar and an event area. The 6000 SF 1st floor offers a temperature controlled cooler room, special tap room and restrooms. The 2nd floor boasts 8400 SF with 4 Luxury Lofts. Fully leased: 2 studios 1700 SF, 1.5 baths, 2 Two bdrm, 1900 SF, with office & 2.5 baths & an expansive 4 bdrm, 2400 SF with dual suites & 4 baths. Stair lift in rear stairwell. Remodeled to the National Parks Service historic standards, it is in the historic registry. Fire suppression & alarm system installed. This once in a lifetime opportunity to own this notable building is available now. Visit www.denisontx.org for information about destination grants. Downstairs Space is also for Lease $5500 NNN.
Location
State TX
County Grayson
Zoning Commercial Food Court Loft
Direction Located in the 500 Block of Historic Downtown Denison, TX
Interior
Heating Central, Natural Gas
Cooling Central Air, Electric
Flooring Ceramic Tile, Combination, Concrete, Hardwood, Laminate
Heat Source Central, Natural Gas
Exterior
Utilities Available All Weather Road, Alley, Asphalt, City Sewer, City Water
Roof Type Fiber Cement
Garage No
Building
Foundation Combination, Pillar/Post/Pier
Structure Type Brick,Concrete,Plaster,Wood,See Remarks
Others
Ownership TAX
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Other
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Bought with Tommi Sue Homuth • Tracy Realty