215 University Dr Denton, TX 76209

This exceptional investment opportunity presents a fully leased, 4,616 square foot office park situated on a 0.46-acre lot at 215 & 217 East University Drive in Denton, Texas, 76209. The property boasts a strong 6.17% cap rate and a substantial net operating income (NOI) of $61,735, reflecting a 100% occupancy rate. Comprising two buildings, each two stories, the property offers a blend of creative and medical office spaces, totaling 4,616 square feet. One building measures approximately 2,796 square feet, while the other is approximately 1,820 square feet. Built in 1956 with significant renovations in 2008, including fresh paint in 2023 and a new roof and gutters in January 2024, the property is in excellent condition. The property benefits from a prime location directly on US 380, near Texas Women's University, ensuring high visibility and traffic. Currently zoned Mixed Use, the property offers flexibility for future owners, with the City of Denton permitting live/work options after an initial two-year ownership period. The asking price is $1,000,000, representing a price per square foot of $216.64. The lease type is gross, and the tenancy is multi. This is a rare opportunity to acquire a high-performing, well-maintained office park in a thriving Texas location.