The Wright Denton Opera Housebuilding, long known as the home of one of the largest used book stores inNorth Texas, was placed for sale Wednesday.
But don’t fret, book loversand longtime residents. Recycled Books Records CDs is not going anywhere, witha signed lease agreement in hand.
The property at the corner ofLocust and Oak streets was listed for $2,699,000, according to a listing onLoopNet.com.
“Building began on thisproject in 1899 from the original bricks of the Denton County Courthouse andfully finished in 1905,” according to the listing.
On Thursday, Real T Teamagent Jonathan King, who is handling the sale, said the building is in reallygood shape.
The building sports a newroof and a lot of renovations, according to the latest engineer’s report, Kingsaid.
The Opera House building,with more than 40,000 square feet, has eight loft apartments that have openfloor plans, 20-foot-high ceilings and an original hardwood floor. Thefour-story building has a roof veranda.
Twenty-one tenants call theOpera House home, including Massage on the Square, the Bob Dillon BrokerageGroup, American Climate Technologies, and Systeem-Medical, said Roy Freebourn,who owns the building.
Recycled Books Records CDsanchors the building, covering 17,000 square feet across three floors. Thebusiness began on University Drive in 1983 and moved to the Square in 1990.
On Friday morning, DonFoster, owner of Recycled Books, confirmed his business will remain at the samelocation.
“We have a long lease andeverything is fine,” he said, dispelling rumors that the sale would impactcurrent tenants.
Foster said Recycled Bookshas signed a 10-year lease.
“When the building nearlysold earlier this year, our current owner said he liked us a lot and wanted tomake sure we stayed here,” he said.
Freebourn said the buildingis meaningful to the city and he wanted to make sure his tenants wereprotected.
“I could not let him [Foster]move out,” he said. “I think I have done a good job on the building, but Ithink it is time to release it to someone else and move on.”
Freebourn said he worked onrenovations before placing the building for sale. He said he owns otherproperty in Denton and is always looking to improve it.
Freebourn said some of histenants have signed three-year leases because he works with them, they like thebuilding and they want to be on the downtown Square. He said he also has awaiting list for his commercial spaces and residential locations.
While the Opera House doessit inside a Denton historic area, it has not been designated as a locallandmark.
However, it is a contributingbuilding in the Courthouse Square National Register Historic District, saidCindy Jackson, a senior planner with the planning division of the city ofDenton, in an e-mail.
The Opera House might not beon the market for long. After a day of being listed, King said Thursday hiscompany already had an interested buyer.
KARINA RAMÍREZ can bereached at 940-566-6878 and via Twitter at @KarinaFRamirez.