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    1230 Memorial Pkwy Royse City, TX 75189

    For Lease
    Contact for pricing

    New Retail/Restaurant Space Available

    Lot size:
    6,070 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This brand-new, single-story retail center in Fate, Texas, offers 6,070 square feet of space, with 4,870 square feet currently available for lease. Built in 2024, the property features three suites, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 4,870 square feet. Ideal for a variety of retail or restaurant uses, up to 3,700 square feet is specifically suited for dine-in restaurants. The center boasts 35 parking spaces and is conveniently located on Memorial Parkway, near a new Taco Bell and shadowed by a Fresh by Brookshire's grocery store. This prime location in a rapidly developing area of Fate offers excellent visibility and accessibility. The property sits on one acre of land and is part of a new retail strip expected to be completed in the first quarter of 2025. This is a unique opportunity to establish a business in a thriving community with high growth potential. The building is a new construction, completed in 2024. Join Pizza Hut in this exciting new development!

    Property Features for 1230 Memorial Pkwy

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,070 SF

    Building Details

    Year Built/Renovated
    2024/2024
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    4,870 SF

    HighLights

    • 6,070 SF retail/restaurant building with 4,870 SF available for lease.
    • Building features three suites, with a minimum divisible space of 1,200 SF and a maximum contiguous space of 4,870 SF.
    • Located in the Fate submarket, near Memorial Parkway and a new Brookshire's.
    • New construction (2024), with 35 parking spaces.
    • Adjacent to a new Taco Bell and Pizza Hut.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Hair Salon Dental Office Nail Salon Clothing Store Gym & Fitness Pharmacy Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Royse City
    County
    Rockwall
    State
    Texas
    Longitude
    -96.3787946
    Latitude
    32.9300345

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    FAQs

    What type of property is this?
    Restaurant - New Retail/Restaurant Space Available
    Where is this restaurant located?
    The property is located at 1230 Memorial Pkwy Royse City, TX.
    What are key features of this property?
    This property features: 6,070 SF retail/restaurant building with 4,870 SF available for lease.; Building features three suites, with a minimum divisible space of 1,200 SF and a maximum contiguous space of 4,870 SF.; Located in the Fate submarket, near Memorial Parkway and a new Brookshire's.
    Request Owner's contact information
    1230 Memorial Pkwy Royse City, TX 75189
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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
    1230 Memorial Pkwy Royse City, TX 75189
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