300 Main StDenison, TX 75021

  • Commercial real estate
  • 4,227 SF
For Sale
$850,000 View listing

Property Details for 300 Main St

Year built
1970
Lot size
0.74 AC
Property size (Sq ft)
4,227 SF
Property type
Commercial real estate
APN
D016 3131457
APU
D0163131457

Description

This stunning 9,000 square foot historic building, located at 300 E Main Street in the heart of Denison, Texas, presents a rare investment opportunity. Built in stages, beginning with the first floor in 1893 and completed in 1911, this property boasts exquisite Saxony German design and architectural details. Originally a grocery store and saloon, it later became the Travelers Hotel in the 1930s. The 0.21-acre lot offers versatile potential for redevelopment. Imagine transforming this landmark into a boutique hotel, upscale apartments, a charming bed and breakfast, or a unique private residence. The property's location in downtown Denison places it within a vibrant community, surrounded by a diverse range of restaurants, art galleries, shops, wineries, breweries, and museums. Its proximity to Lake Texoma, the 12th largest lake in the United States, further enhances its appeal and investment potential. This is a chance to own a piece of Denison's rich history and capitalize on the area's ongoing cultural revitalization. The property is priced at $850,000 and offers significant upside for the right buyer. This is a truly unique opportunity to acquire a piece of Texas history and create a thriving business or stunning residence.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,214,132
    Hospitality
    $1,112,138
    Educational
    $925,286
    Medical
    $957,108
    Retail
    $1,439,334

Location Insight

City
Denison
County
Grayson
State
Texas
Latitude
33.7549
Longitude
-96.5388
CBSA code
43300
CBSA name
SHERMAN-DENISON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
-
$182,200
$3,950,695
$4,132,895
-
$182,200
$3,950,695
$4,132,895

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