Denton County is set to buy the Mayhill Hospital property at 2809 S. Mayhill Road for $12.5 million, under a contract commissioners are scheduled to take up on Tuesday, Nov. 10.
The seller is CMK2 Denton 2809 LLC. Along with the price, the county would cover closing costs such as title insurance and a boundary survey if one is needed, while the seller pays the commission owed to its broker, Newland Real Estate.
The county would put down $125,000 in earnest money within 10 days of the contract taking effect, and the sale is expected to close by Dec. 31.
Where the money comes from
The purchase would be paid from the county's Permanent Improvement Fund, split into $1,438,454 for the land and $11,061,546 for the building. Two budget amendments on the same agenda move the cash: $125,000 out of the fund's contingency line for the earnest money and fees, and $12,375,000 out of the fund balance for the rest.
The first amendment, prepared Oct. 28, explains why the money has to be shifted at all. It says the purchase was left out of the county's initial budget request for fiscal 2027 because commissioners had decided only recently to buy the property.
The site
Denton Central Appraisal District records attached to the agenda show a 40,084-square-foot, two-story building completed in 2005 on about 3.2 acres, with nearly 60,000 square feet of paving. The district appraised it at $7 million for 2026, up from $6.4 million in 2025 and down from about $8.55 million in 2023. The current owner acquired it in 2018, according to the deed history.
