2701 State Highway 114Southlake, TX 76092

Property Details for 2701 State Highway 114

Year built

2002

Lot size

1.76 AC

Property size (Sq ft)

8,300 SF

Property type

Turn key restaurants

APN

15218-2-1

APU

1521821

Description

This exceptional 8,300-square-foot commercial property, located at 2701 E State Hwy 114 in Southlake, Texas, presents a significant opportunity for a restaurant or retail business. Situated in Tarrant County, this single-tenant space is entirely vacant and ready for immediate occupancy. The building's total square footage is 8,300 square feet, offering ample room for a variety of uses. The property's prime location on State Highway 114 ensures high visibility and accessibility, making it an ideal spot to establish or relocate a thriving business. The property is classified as retail and restaurant space, catering to a wide range of potential tenants. Its strategic location in Southlake, TX, 76092, offers access to a robust local economy and a significant consumer base. This turnkey space eliminates the need for extensive renovations, allowing for a quick and efficient start-up. The property's size and location make it suitable for a variety of concepts, from full-service restaurants to large-scale retail operations. Interested parties are encouraged to explore the potential of this exceptional commercial property. The property is available for lease. The geographic coordinates are 32.9421362 latitude and -97.1091722 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $2,390,094

  6.5%

  $2,206,241

  7%

  $2,048,652

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,750,675

  Geo Method

  $2,516,613

• Alternative Use

  Use

  Valuation

  Residential

  $1,861,047

  Hospitality

  $1,704,709

  Educational

  $1,418,298

  Medical

  $1,467,075

  Retail

  $2,206,241

Location Insight

City

Southlake

County

Tarrant

State

Texas

Latitude

32.9423

Longitude

-97.1092

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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