6.11 Acres Lot
6.11 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Denton Justice Plaza
MLS Listing ID 21104206
Total Fin. Sqft 28698
Year Built 2019
Annual Tax Amount $72,000
Lot Size 6.110 Acres
Acres 6.11
Property Sub-Type Retail
Property Description
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....
Location
State TX
County Denton
Zoning Planned Development
Direction From Highway Interstate 35
Interior
Heating Other
Cooling Other
Flooring Concrete
Heat Source Other
Exterior
Utilities Available All Weather Road, City Sewer, City Water, Concrete, Curbs, Electricity Connected
Roof Type Built-Up
Garage No
Building
Lot Description Acreage, Corner Lot, Level
Foundation Slab
Structure Type Frame,Rock/Stone,Stucco
Others
Ownership American Nation Bank
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Other
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