1431-1437 E McKinney Street, Denton, TX 76209

• 28,698 sqft

Property Description

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 $6,400,000..... 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 2.46 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....

Listing Status:

Active

Listing Office:

ERA Steve Cook & Co, REALTORS : 903-786-3355

Listing Agent:

Steve Cook :

MLS ID:

21104206

Interior

• Flooring: Concrete
• A/C: Other
• Heating: Other

Exterior

• Parking: Additional ParkingConcreteOff StreetParking LotOn Street

Construction

• Roofing: Built-Up
• General: FrameRockStoneStucco1Slab

Location

• Road/Access: City StreetAll Weather Road
• Originating MLS: NTR
• County: Denton

Lot

• Zoning: 767401

Utilities

• Utilities: Electricity ConnectedSewer AvailableWater Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: NTR
• Exclusions: All furniturefixtures and equipment belong to the tenants.

This listing courtesy of Steve Cook, ERA Steve Cook & Co, REALTORS