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3700 Riv Walk DrFlower Mound, TX 75028

29,597 SF Multi-Tenant Office, Value-Add

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 29,597-square-foot multi-tenant office building presents a compelling value-add or owner-user opportunity in Flower Mound, Texas. Located at 3700 River Walk Drive, this Class B property, built in 1984, boasts 16 units with a current occupancy rate of 71.5%. The property sits on a 3.64-acre lot within the vibrant River Walk mixed-use development, a 158-acre project integrating commercial, retail, dining, medical, residential, and civic uses. Its prime location offers easy access to major thoroughfares including Highways 2499, I-35, SH-121, and FM 407, as well as proximity to Dallas/Fort Worth International Airport and Texas Health Presbyterian Hospital Flower Mound. The building benefits from a diverse tenant mix with staggered leases, providing immediate income and potential for increased revenue through leasing vacant space at market rates. The high-traffic intersection of Cross Timbers Road and River Walk Drive sees approximately 25,604 vehicles daily. Strong demographics further enhance the property's appeal, with 109,698 residents within a 3-mile radius and a high average household income of $160,415 within 1 mile. The River Walk's 46.5 acres of parks and open spaces create a desirable and serene environment. This property is zoned as a Central Business District, allowing for flexible use and integration with surrounding businesses. This is an ideal investment for those seeking a strong return on investment in a thriving Texas market.

Highlights

  • Excellent value-add or owner-user opportunity in Flower Mound, TX.
  • Upside potential through leasing vacant space at market rates.
  • Diverse tenant mix with staggered leases.
  • Less than one mile from Texas Health Presbyterian Hospital Flower Mound.
  • Easy access to DFW Airport and major highways (2499, I-35, SH-121, FM 407).
  • High-traffic intersection (Cross Timbers Rd & River Walk Dr) with approx. 25,604 vehicles daily.

Property Details for 3700 Riv Walk Dr

Property type
Office properties
Square Feet
29,597 SF
Class
B
Year Built
1984
Lot Size (sq. ft)
158,558 SF
Units
16

Location Insight

City
Flower Mound
County
Denton
State
Texas
Latitude
33.0359469
Longitude
-97.0651242
3700 Riv Walk Dr, Flower Mound, Texas

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3700 Riv Walk Dr
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