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    1118 State Highway 121 Lewisville, TX 75057

    For Sale
    $785,000

    Prime 1.08-acre lot, high visibility, ideal for business.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.083-acre commercial land parcel presents a unique investment opportunity in Lewisville, Texas. Located at 1118 State Highway 121, in Denton County, zip code 75057, this property boasts a highly desirable location within a rapidly growing industrial area. Zoned LI (Light Industrial), it offers significant potential for a variety of commercial ventures. The lot's strategic positioning along State Highway 121 ensures unparalleled visibility, with an estimated 80,000+ vehicles passing daily. A key advantage is the median split directly in front of the property, providing easy and convenient access for customers and employees. This accessibility, combined with the high traffic volume, makes this property an ideal location for businesses seeking maximum exposure and convenient access. The asking price for this exceptional opportunity is $785,000. Don't miss this chance to secure a prime piece of commercial real estate in a thriving Texas market. The property's coordinates are 33.0443263 latitude and -96.9694637 longitude.

    Property Features for 1118 State Highway 121

    General Information

    Property type
    Land
    Lot Size
    47,175 SF

    HighLights

    • 1.083‑acre commercial land parcel in Lewisville, TX.
    • Located at 1118 State Highway 121, Denton County, 75057.
    • LI (Light Industrial) zoning.
    • High visibility location on State Highway 121, with over 80,000 vehicles passing daily.
    • Convenient access via median split.
    • Asking price: $785,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Wholesale Shop Building Supply Pharmacy Gym & Fitness Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lewisville
    County
    Denton
    State
    Texas
    Longitude
    -96.9694637
    Latitude
    33.0443263

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    FAQs

    What type of property is this?
    Land - Prime 1.08-acre lot, high visibility, ideal for business.
    Where is this land located?
    The property is located at 1118 State Highway 121 Lewisville, TX.
    What is the asking price?
    The asking price for this property is $785,000.
    What are key features of this property?
    This property features: 1.083-acre commercial land parcel in Lewisville, TX.; Located at 1118 State Highway 121, Denton County, 75057.; LI (Light Industrial) zoning.
    Request Owner's contact information
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    Lewisville, TX 75057
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1118 State Highway 121 Lewisville, TX 75057
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