Denison, TX 75020 1721 S Armstrong Avenue
$1,000,000
35 more
- MLS# 20656930
- 10/10/2024
Presented By: Terrin Bertholf with Bertholf Commercial Real Estate;
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
SQFT • 3,682
Year Built • 1940
Home Details
Great opportunity to own an income-producing building in the heart of Denison leased to Kickbacks restaurant. This building was completely renovated in 2021 and has a tenant in place paying $7,250 per month until May of 2027. The lively dining room and can seat over 60 guests. The outdoor patio can accommodate another 110+ guests, and has a stage that is fully equipped for live music. The building has a total of 50 parking spaces in the recently paved parking lots. Updates completed in 2021 include components such as: parking lot, roof, interior finish out, windows, floors, HVAC, plumbing, wiring, and three phase power. Kickback's Backyard is a highly rated Denison restaurant, boasting a 4.8 star rating on Google from over 350 reviews. Call today to schedule a showing and please do not disturb the tenants.
Presented By: Terrin Bertholf with Bertholf Commercial Real Estate;
Interior Features for 1721 S Armstrong Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringConcrete
Heating Y/NYes
Total Stories1
General for 1721 S Armstrong Avenue
Additional Parcels Y/NNo
Attached Garage No
Business TypeRestaurant
Carport Y/NNo
CityDenison
Construction MaterialsConcrete
CoolingCentralAir
CountyGrayson
DirectionsFrom US 75 heading north, taken exit 66 onto Spur 503. Take exit 598 to merge onto Highway 91 (Texoma Parkway) and head south. Continue straight for 1.5 miles and the building will be on your left.
Electric On Property Y/NNo
ExclusionsA Non-Realty Items Addendum will be created before the sale, as some of the furnishings are owned by the tenant and will not convey. ATM is leased.
Garage Y/NNo
Gross Income87000.0
HOANo
HeatingCentral
Home Warranty Y/NNo
Insurance Expense6820.0
Land Lease Y/NNo
Leasable Area3682.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionENGLEWOOD R E ADDN, BLOCK 5, LOT PT 13 THRU 1
Lot Size Square Feet27721.58
Lot Size UnitsAcres
MobileHomeRemainsYNNo
ModificationTimestamp2025-03-12T15:16:05.507-00:00
Net Operating Income70213.0
New ConstructionNo
Number Of Units Total1
Occupancy TypeTenant
OwnerPaysNone
PossessionSubjectToTenantRights
Possible UseRestaurant
Property Attached Y/NNo
Property Sub Type AdditionalBusiness
Property SubtypeBusiness
Property TypeCommercialSale
Rent Control Y/NNo
RoofMetal, Synthetic
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Subdivision NameEnglewood R E Add
Tax Annual Amount9967.0
Tax Lot13
Tenant PaysAllUtilities
UtilitiesElectricityAvailable, SewerAvailable, WaterAvailable
Virtual TourClick here
Waterfront Y/NNo
Year Built1940
Year Built DetailsPreowned
Zoning DescriptionLight Industrial
Exterior for 1721 S Armstrong Avenue
Building Area Total3682.0
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
InclusionsLand & Improvements
Irrigation Water Rights Y/NNo
Lot Size Acres0.6364
Lot Size Area0.6364
Lot Size SourcePublicRecords
Open Parking Y/NNo
Parking FeaturesParkingLot
SpaNo
Water SourcePublic
Additional Details
Price History
Suzanne Smith
Broker/Owner