460 John W Carpenter FwyIrving, TX 75062

Property Details for 460 John W Carpenter Fwy

Year built

1986

Construction

TILT-UP CONCRETE

Lot size

1.23 AC

Property size (Sq ft)

1,681 SF

Zone code

Z57

Property type

Banks

APN

32258690000010000

APU

32258690000010000

Description

This exceptional 1.23-acre commercial land parcel presents a unique investment opportunity in the highly desirable Las Colinas area of Irving, Texas. Situated on the prominent John W. Carpenter Freeway (Highway 114), this prime corner lot boasts excellent visibility and accessibility. Previously occupied by a Chase Bank drive-through, the property is now deed-restricted and cannot be used as a financial institution, opening up a wide range of development possibilities for other commercial ventures. The lot size is 1.681 square feet, with an asking price of $2,497,600, resulting in a price per square foot of $1,485.78. A survey is available within the property documents for review. This location in Dallas County, Texas, zip code 75062, offers unparalleled access to major transportation arteries, a thriving business community, and a strong residential base. The property's strategic positioning makes it an attractive prospect for developers seeking to capitalize on the area's robust economic growth and high demand for commercial space. Don't miss this chance to acquire a highly visible and well-located commercial land parcel in one of the most sought-after areas of the Dallas-Fort Worth Metroplex. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $379,909

  6.5%

  $350,685

  7%

  $325,636

• Comparable approach

  Method

  Valuation

  Relative Method

  $425,230

  Geo Method

  $1,112,449

• Alternative Use

  Use

  Valuation

  Residential

  $295,816

  Hospitality

  $270,966

  Educational

  $225,440

  Medical

  $233,194

  Retail

  $350,685

Location Insight

City

Irving

County

Dallas

State

Texas

Latitude

32.8591

Longitude

-96.9359

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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