300 Central ExpyRichardson, TX 75080

Property Details for 300 Central Expy

Year built

1995

Construction

TILT-UP CONCRETE

Lot size

7.06 AC

Property size (Sq ft)

26,732 SF

Zone code

Z137

Property type

Automotive properties

APN

421140000101C0000

APU

421140000101C0000

Description

This exceptional Class A retail property, located at 300 S Central Expressway in Richardson, Texas, offers 4,161 square feet of vacant space in a single-story, freestanding building. Situated on a 0.52-acre lot, the property boasts excellent visibility and accessibility due to its prime location on US-75/Central Expressway, between Belt Line Road and Spring Valley Road. The building features 40 parking spaces, making it convenient for customers and employees. Its strategic location places it adjacent to Richardson Heights Village, a thriving retail center anchored by well-known national retailers such as TJ Maxx, Alamo Drafthouse, and Party City, ensuring high foot traffic and brand recognition. The surrounding area is a mix of industrial/office parks, multi-family developments, and numerous other national retailers, creating a robust and diverse commercial environment. The property is ideal for a variety of retail uses, offering a significant opportunity for businesses seeking high-traffic exposure and a strong location within a densely populated area. The building's single-tenant occupancy provides flexibility and control for the new owner. This is a rare opportunity to acquire a freestanding retail building with exceptional visibility and access in a highly desirable location in Richardson, Texas. The property's 4,161 square feet provides ample space for a variety of retail concepts. The zip code is 75080. No elevators are present.

• CAP approach

  CAP return

  Valuation

  6%

  $7,279,502

  6.5%

  $6,719,540

  7%

  $6,239,573

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,288,911

  Geo Method

  $8,105,314

• Alternative Use

  Use

  Valuation

  Residential

  $5,668,184

  Hospitality

  $5,192,026

  Educational

  $4,319,704

  Medical

  $4,468,266

  Retail

  $6,719,540

Location Insight

City

Richardson

County

Dallas

State

Texas

Latitude

32.9538

Longitude

-96.731

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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