Retail Space
702 S Elm St Denton, TX 76201
Details & Description
Price: $425,000
    Description2nd generation restaurant. Great opportunity to have an owner-occupied restaurant in top-ranked (#2) boomtown (rated by SmartAsset). Turnkey condition - approximately 100k invested in the past 18 months. With parking .5 miles from Denton's Courthouse on the Square on a major corridor going South. .5 miles from UNT and a little over 1 mile from both TWU and I35. Elm is a major through-street - The City of Denton's website states that "These streets are expected to be fully reopened to traffic and parking on or before Saturday, February 29" which has impacted Elm street mobility. This project's completion is expected to dramatically impact development in and around 702 S Elm and major development projects - multiple condo, townhome, and mixed-use projects - in the works. Mixed Beverage Permit and Food and Beverage Certificate were approved 11/19. Seafood restaurant closure comes with an opportunity for you.Highlights New roof late 2018 2 new 3 ton AC’s late 2018 New outside electric panel 2020 All new FRP throughout kitchen 2019 All new bathroom fixtures 2019 New drive-through window and 2 additional new windows facing south 2019 New kitchen lighting 2019 New breaker box and electric lines to TV’s 2019 All new paint 2019 Parking lot restripe 2019 Updated/ repaired vent-a-hood 2019 Updated/repaired walk-in cooler 2019 New doors (rear door and shed) Current equipment, TV's and alarm system for sale or available
    Listing Agents
    Glen Farris
    Verus Commercial
    O: 940-381-2220
    M: 940-300-6743
    gfarris@v-re.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    702 S Elm St

    Denton, TX 76201

    Listing ID: 161653
    702 S Elm St Denton, TX 76201 | for Sale | Photo 1
    Building Size: 1,520 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $279.61
    Land $/SF:
    Price
    $425,000
    Description

    Description

    2nd generation restaurant. Great opportunity to have an owner-occupied restaurant in top-ranked (#2) boomtown (rated by SmartAsset). Turnkey condition - approximately 100k invested in the past 18 months. With parking .5 miles from Denton's Courthouse on the Square on a major corridor going South. .5 miles from UNT and a little over 1 mile from both TWU and I35. Elm is a major through-street - The City of Denton's website states that "These streets are expected to be fully reopened to traffic and parking on or before Saturday, February 29" which has impacted Elm street mobility. This project's completion is expected to dramatically impact development in and around 702 S Elm and major development projects - multiple condo, townhome, and mixed-use projects - in the works. Mixed Beverage Permit and Food and Beverage Certificate were approved 11/19. Seafood restaurant closure comes with an opportunity for you.





    Highlights


    New roof late 2018
    2 new 3 ton AC’s late 2018




    New outside electric panel 2020
    All new FRP throughout kitchen 2019




    All new bathroom fixtures 2019
    New drive-through window and 2 additional new windows facing south 2019




    New kitchen lighting 2019
    New breaker box and electric lines to TV’s 2019




    All new paint 2019
    Parking lot restripe 2019




    Updated/ repaired vent-a-hood 2019
    Updated/repaired walk-in cooler 2019




    New doors (rear door and shed)
    Current equipment, TV's and alarm system for sale or available


    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Denton History of Retail Space for Sale

    Loan and Amortization Calculator

    Listing Price
    Down Payment

    Loan Amount:
    Interest Rate:
    Term (months):

    Your Monthly Payment

    $0.00

    Total Principal: --

    Total Interest: --

    Total Cost: --

    Denton Area Market Trends

    Listing Demographics for 702 S Elm St Denton, TX 76201

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population16,92178,300128,872
    Population Median Age273334
    Population by Age0-9 Yrs682 (4%)7166 (9%)14381 (11%)
    10-19 Yrs3873 (22%)12318 (15%)19518 (15%)
    20-29 Yrs7927 (46%)25071 (32%)33205 (25%)
    30-39 Yrs1923 (11%)9406 (12%)16715 (12%)
    40-49 Yrs918 (5%)7133 (9%)14236 (11%)
    50-59 Yrs775 (4%)6905 (8%)13134 (10%)
    60-69 Yrs443 (2%)5414 (6%)9816 (7%)
    70+ Yrs379 (2%)4886 (6%)7866 (6%)
    Median HH Income$28,758$42,849$56,013
    Total Household Income< 24K2623 (44%)8345 (29%)9952 (22%)
    25-49K1660 (28%)7383 (26%)10298 (23%)
    50-74K916 (15%)5096 (18%)7605 (17%)
    75-99K374 (6%)2798 (9%)5800 (13%)
    100-199K275 (4%)3560 (12%)8701 (19%)
    200K+44 (0%)865 (3%)1998 (4%)
    Highest Education LevelNo Diploma85545287851
    Diploma or GED1150861614553
    Some College18111054418085
    Assoc. Degree40631495705
    Bachelors Degree1909986518452
    Higher Degree847587910033
    Total Housing Units6,76731,32848,398
    --Owner-Occupied6219,53621,059
    --Renter-Occupied5,27018,51223,295
    Owner-Occupied Values< 100K22212912884
    100-199K25645098338
    200-299K10325876501
    300-399K136922205
    400-499K7140450
    500K+19317681
    Total Working Age Population15,84467,582106,862
    In Work Force10,53444,94773,031
    Not In Work Force5,31022,63433,831
    Workforce Employed9,33641,67368,700
    Workforce Unemployed1,1773,2344,237
    Civlian Workforce10,51344,90872,937
    Military Workforce214094
    Total Households5,89128,04844,354
    Family Households1,41113,19525,420
    Non-Family Households4,48014,85318,935
    Married Couple7578,73418,463
    Other Family6534,4616,957
    Married w/Child2643,2958,355
    Single Male w/Child52373565
    Single Female w/Child3161,8902,859

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Texas20,851,820+2125,145,561+1829,677,668+1834,894,452
    Denton County432,976+53662,614+36897,953+371,234,110

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 702 S Elm St in Denton?
    The asking price for 702 S Elm St is $425,000
    What is the building size of this Retail property in Denton, TX?
    The size of the building/unit at 702 S Elm St in Denton is 1,520 square feet
    What is the population within 1 mile of 702 S Elm St in Denton?
    The population within 1 mile of 702 S Elm St Denton, TX 76201 is 16,921 people.
    Who do I contact for questions about 702 S Elm St?
    You should contact the listing agent, Glen Farris, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

    Address Price Sq Ft Acres
    721 South Elm Street, Denton, TX $1,200,000 7373 0.78
    222 West Hickory Street, Denton, TX $2,000,000 9133 -
    500 Fort Worth Drive, Denton, TX $5,900,000 13388 -
    222 W Hickory St, Denton, TX $995,000 5813 0.59
    803 West University Drive, Denton, TX $1,495,327 2000 1
    1444 West University Drive, Denton, TX CALL 3000 0.92
    2204 San Jacinto Blvd, Denton, TX CALL 63761 -
    2307 Interstate 35E, Denton, TX CALL 10279 0.5
    2231 South Loop 288, Denton, TX CALL 46092 3.18
    6600 S Interstate 35, Corinth, TX CALL 10000 24.2

    Closest Commercial Airports

    Airport Distance (mi)
    Dallas Fort Worth International Airport (DFW) 22
    Dallas Love Field (DAL) 30
    Sheppard Air Force Base-Wichita Falls Municipal Airport (SPS) 95