537 Kealy AveLewisville, TX 75057

  • Commercial real estate
  • 5,500 SF
For Sale
$1,500,000 View listing

Property Details for 537 Kealy Ave

Lot size
0.39 AC
Property size (Sq ft)
5,500 SF
Property type
Commercial real estate
APN
R767324
APU
R767324

Description

This exceptional 5,500 square foot industrial flex space presents a unique investment opportunity in the heart of Old Town Lewisville, Texas. Strategically located on a 0.4-acre corner lot, this property boasts unparalleled visibility and accessibility, situated just blocks from Main Street and benefiting from excellent roadway exposure. The building offers a flexible layout, featuring approximately 2,900 square feet of finished space ideal for offices or open work areas. The remaining area comprises a large garage space with a front garage door, perfectly suited for light industrial, retail, or service-based businesses. This adaptable space allows for build-to-suit options, enabling customization to meet specific business needs, whether it involves adding office areas, HVAC systems, or bespoke finishes. Security is enhanced by a gated parking area accommodating 10-12 vehicles, along with additional secure yard storage space. The property's location within an Opportunity Zone adds significant investment appeal. This prime location offers easy access to the vibrant atmosphere of historic downtown Lewisville, making it an ideal choice for businesses seeking a high-profile presence in a thriving community. The asking price for this exceptional property is $1,500,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,151,924
    Hospitality
    $1,055,156
    Educational
    $877,877
    Medical
    $908,069
    Retail
    $1,365,587

Location Insight

City
Lewisville
County
Denton
State
Texas
Latitude
33.0423
Longitude
-96.9931
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,905
$251,254
$206,804
$458,058
-
$251,254
$206,804
$458,058

FAQs

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