1320 Greenway DrIrving, TX 75038

Property Details for 1320 Greenway Dr

Year built

1981

Construction

FRAME

Lot size

8.91 AC

Property size (Sq ft)

261,480 SF

Zone code

Z57

Property type

Office buildings

APN

321565200A01R0000

APU

321565200A01R0000

Description

This exceptional 2.45-acre commercial land parcel is situated in Irving, Texas, within the prestigious Las Colinas Urban Center. Zoned S-P-1, this property offers unparalleled access to major transportation arteries, including SH-114, SH-161, and MacArthur Boulevard, ensuring seamless ingress and egress. Its strategic location provides convenient proximity to DFW International Airport (10 minutes), Addison Airport (15 minutes), and Dallas Love Field (20 minutes), making it highly attractive for businesses requiring efficient travel connections. The property benefits from its placement within a thriving commercial hub, boasting over 150 restaurants and retailers within easy reach, and a dense trade area with a strong daytime population of 145,220 within a 3-mile radius. This location is further enhanced by its adjacency to the future 290-acre redevelopment of the former Exxon headquarters, promising significant future growth and value appreciation. The Las Colinas Urban Center itself is a renowned 12,000-acre master-planned community, home to 150,000 employees and numerous Fortune 500 and Fortune 1000 companies. This presents a unique opportunity to acquire a strategically located commercial land parcel in a high-growth area with exceptional infrastructure and a robust business environment. The property's address is 1320 Greenway Dr, Irving, TX 75038, in Dallas County.

• CAP approach

  CAP return

  Valuation

  6%

  $40,200,604

  6.5%

  $37,108,252

  7%

  $34,457,660

• Comparable approach

  Method

  Valuation

  Relative Method

  $26,247,904

  Geo Method

  $40,711,764

• Alternative Use

  Use

  Valuation

  Residential

  $46,014,232

  Hospitality

  $42,148,788

  Educational

  $35,067,296

  Medical

  $36,273,316

  Retail

  $54,549,128

Location Insight

City

Irving

County

Dallas

State

Texas

Latitude

32.889

Longitude

-96.9697

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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