114 N Houston Ave, Denison, TX 75021

$1,200,000

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List Price: $1,200,000
MLS#: 20709794
Status: ACTIVE
Type: Commercial
Subtype: CommercialSale
Year Built: 1900
Construction Status: Preowned
Acres: 0.48
County: Grayson
City: Denison
Subdivision: opt Denison

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Property Description

Positioned directly across from the fully restored Katy Depot, this iconic property represents a rare opportunity to acquire a cornerstone asset in the heart of Historic Downtown Denison. This two-story, 19,200 SF structure (plus 9600 sqft potential basementl) offers expansive open spans and exceptional ceiling heights, creating a highly flexible canvas for adaptive reuse. The property is ideally suited for a variety of high-impact concepts including an event and entertainment venue, multi-tenant restaurant destination, boutique office environment, or residential loft conversion. A significant value-add component exists with the inclusion of a basement level, offering the potential to expand the building by an additional ±9,000 square feet. The asset also features a private parking lot with approximately 20 dedicated spaces—an increasingly rare amenity in downtown environments. Located within an Opportunity Zone and eligible for Historic Tax Credits, the property presents a compelling basis for a tax-advantaged redevelopment strategy. Ownership will also benefit from proximity to Denison’s ongoing downtown revitalization initiatives, with potential access to local incentive programs. Surrounded by established destinations including Stafford House, 34 Chophouse, and Landon Winery, the property sits within walking distance of Denison’s most active and growing hospitality corridor.

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