Light Industrial Land
2.4 Acres of Industrial Land Offered at $1,000,000 USD in Denton, TX 76205
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,000,000
- Property Type
-
Land, Industrial
Listing Contacts
Mark McCoy
Verified Profile
Danny Cunningham
Verified Profile
Davis Cagle
Verified Profile
Adam Abushagur
Verified Profile
Brandon Karr
Verified Profile
- Property Info
Property Overview
The Denton Industrial Land opportunity represents one tract containing approximately 2.40 acres of raw land in Denton, Texas (Dallas/Fort Worth MSA). The site has been fully approved and permitted by the city of Denton for the construction of two industrial buildings totaling 22,353 rentable-square feet of space. Given the attractive rental rates for office/warehouse units in the submarket, the current owner originally had plans to construct units ranging from 1,000 – 2,500 square-feet. Recent growth trends in the area suggest this could be a feasible and lucrative strategy.
Highlights
- 2.40 Acres Permitted Industrial Land – Shovel Ready
- Attractive Rental Rates in Submarket – $16.50 / SF for NNN Lease
- Excellent Visibility and Accessibility on 377 – 20,000 Vehicles per Day
- Tremendous Population Growth within 3-Mile Radius – 20 Percent since 2010 & 10% Additional Projected within 5 Years
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