This exceptional 2.92-acre commercial land parcel in Southlake, Texas, presents a unique investment opportunity. Currently under construction, this prime location is ideal for a medical office building. The site boasts convenient access to major roadways, offering effortless commutes for both staff and patients. Situated in the thriving Southlake market, the property benefits from proximity to retail centers and residential areas, ensuring high visibility and accessibility. The planned building, designed by Ward Architecture PLLC, will encompass 10,760 square feet, providing ample space for a variety of medical practices. The design incorporates 80 parking spaces, including covered and accessible options, with a generous 1:150 parking ratio. The property also features attractive landscaping and a serene retention pond, creating a welcoming and professional atmosphere. Utilities are available on-site. Its strategic location offers excellent access to DFW International Airport, Las Colinas, Alliance Airport, and the rapidly growing Southlake and Grapevine markets. This development represents a rare chance to acquire a high-quality commercial property in a highly desirable location. The property is located at 300 Parkwood Dr and 300 Olivia Ct, Southlake, TX 76092, within Tarrant County. A preservation area and no disturbance zone ensure the property's long-term aesthetic appeal and environmental protection.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$36,184,276
Hospitality
$33,144,600
Educational
$27,575,918
Medical
$28,524,296
Retail
$42,895,872
Location Insight
City
Southlake
County
Tarrant
State
Texas
Latitude
32.9386
Longitude
-97.1469
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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