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    520 Topeka Ave Justin, TX 76247

    For Lease
    Contact for pricing

    12,000 SF Multi-Tenant Retail Space Available

    Lot size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 12,000 square foot retail strip center is strategically located in the thriving town of Justin, Texas. Situated on a 1.24-acre lot at the northeast corner of E 5th Street (FM 407) and Topeka Ave, this property offers unparalleled visibility and accessibility. The center is zoned GB - General Business, allowing for a variety of retail uses. The building consists of multiple tenancies, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 7,500 square feet, providing flexibility for businesses of various sizes. This presents a unique opportunity for both established businesses seeking expansion and new ventures looking for a prime location in a growing market. The property's location on a major thoroughfare ensures high traffic volume and excellent exposure to potential customers. This is an ideal investment for those seeking a strong return in a dynamic retail environment. The Denton County location offers a desirable blend of suburban charm and convenient access to major transportation routes. This well-maintained property is ready for immediate occupancy and presents a compelling opportunity for investors and retailers alike. The single building structure offers efficient management and operational ease. Don't miss this chance to secure a prominent retail presence in Justin, Texas.

    Property Features for 520 Topeka Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,000 SF

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Building
    Size
    7,500 SF

    HighLights

    • 12,000 SF retail strip center, divisible to 1,200 SF.
    • High‑visibility corner lot at E 5th St (FM 407) & Topeka Ave in Justin, TX.
    • Surrounded by rapidly growing residential communities.
    • Less than 10‑minute drive to Texas Motor Speedway.
    • Asking price: Contact broker for details.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Justin
    County
    Denton
    State
    Texas
    Longitude
    -97.292238
    Latitude
    33.088782

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    FAQs

    What type of property is this?
    Neighborhood center - 12,000 SF Multi-Tenant Retail Space Available
    Where is this neighborhood center located?
    The property is located at 520 Topeka Ave Justin, TX.
    What are key features of this property?
    This property features: 12,000 SF retail strip center, divisible to 1,200 SF.; High-visibility corner lot at E 5th St (FM 407) & Topeka Ave in Justin, TX.; Surrounded by rapidly growing residential communities.
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    Justin, TX 76247
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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
    520 Topeka Ave Justin, TX 76247
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