USATXDentonN H Meisenheimer2216 Bolivar St

2216 Bolivar St, Home with 0 bedrooms, 0 bathrooms and null parking in Denton TX | Image 1

$449,000

2216 Bolivar St, Denton, TX

Name: 2216 Bolivar St, For Sale in Denton - eXp Commercial Brokerage
Brand: Ray Gun Commercial
SKU: 20977450
Price: 449000 CAD

Real Estate

For Sale

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Key Facts
Description
Map

Key Facts

Type Retail

Levels Commercial Sale

Size -

Garage No

Maintenance Fees

Taxes

Days Active 28

Approx. Age 1995

MLS® Number 20977450

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

Located just blocks from the Texas Woman's University and 1.4 miles from Downtown Denton Square, 2216 Bolivar presents an opportunity to acquire a R3-zoned infill lot with an existing religious facility on a NNN lease that cash flows well at approximately an 8.3% CAP rate on current actuals. This property offers flexibility for both investors, developers and non-profit end users, with permitted residential redevelopment options and the potential to continue as a place of worship, community facility or daycare with an approved Specific Use Permit (SUP). Site is zoned R3, providing future redevelopment options including low-rise apartments, townhomes or duplexes per City approval. The lot behind this one is also listed for sale (zoned R7) providing a potential assemblage for a slightly larger multifamily development. See Broker for more details. Tenant is a non-profit religious organization with over 7 years of stable occupancy. Lease structure is NNN. Tenant is responsible for maintenance & repairs inside and out includes HVAC & some structural. Denton’s strong rental market is fueled by its rapid population growth—over 16.29% in the last four years and 40% since 2010—as well as the presence of major educational institutions, TWU and the University of North Texas (UNT), which enroll over 65, 000 students combined. - Potential Multifamily Development & Assemblage with Additional Lot For Sale - Single Tenant NNN Investment at 8.3% CAP with Strong Cash Flow on Current Actuals - Easy Access US-380 (University Dr.) & Public Transportation - Denton’s Rental Market Is Booming, with UNT’s & TWU's 72, 000+ Students & Professional Workforce Driving DemandShow Description

MLS® Number20977450

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1995

Stories1

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatCentral, Electric

A/CElectric

Heating Fuel

Extras

Land & Improvements

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