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    Vista Ridge Mall Dr Lewisville, TX 75067

    For Sale
    $1,300,000

    2-Acre Hotel Site, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 2.039-acre commercial land parcel in Lewisville, Texas, presents a compelling investment opportunity. Priced at $1,300,000 ($14.64/SF), this nearly square site boasts approximately 287 feet of frontage on Vista Ridge Mall Drive, offering excellent visibility and accessibility. Located near Music City Mall and directly north of a Holiday Inn Express, the property benefits from a high-traffic area and established commercial presence. The site's zoning (L1) permits various uses, including hotels, although an "extended stay" hotel would require a Special Use Permit. City planning documents specify requirements for hotels built on this land, including minimum guest room size (325 sq ft), all-interior corridors, a minimum of 120 guest rooms, and a minimum of four stories. Additional amenities and building specifications are outlined in Section 6-182 of the city's regulations, covering aspects like fitness facilities, pools, spas, and landscaping. Lewisville's diverse economy, encompassing manufacturing, healthcare, technology, and retail, coupled with its proximity to DFW Airport, major freeways, and recreational areas, contributes to a strong and growing hotel market, as evidenced by recent successful hotel developments and sales in the immediate vicinity. The APN is R713713. The property is owned by SJH Inns, LLC, a Texas Limited Liability Company. This site offers significant potential for a lucrative hotel development in a thriving Texas market.

    Property Features for 0 Vista Ridge Mall Dr

    General Information

    Property type
    Land
    Lot Size
    88,819 SF

    HighLights

    • 2.039‑acre commercial land parcel in Lewisville, TX, priced at $1,300,000 ($14.64/SF).
    • L1 zoning permits hotels (extended‑stay may require Special Use Permit).
    • Located near Music City Mall, with 287 feet of frontage on Vista Ridge Mall Dr.
    • Adjacent to a recently sold, high‑performing Holiday Inn Express.
    • Lewisville offers a strong hotel market, supported by recent hotel additions and the city's diverse economy and location near DFW Airport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lewisville
    County
    Denton
    State
    Texas
    Longitude
    -96.9788635
    Latitude
    32.9984393

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    FAQs

    What type of property is this?
    Land - 2-Acre Hotel Site, Prime Location
    Where is this land located?
    The property is located at Vista Ridge Mall Dr Lewisville, TX.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: 2.039-acre commercial land parcel in Lewisville, TX, priced at $1,300,000 ($14.64/SF).; L1 zoning permits hotels (extended-stay may require Special Use Permit).; Located near Music City Mall, with 287 feet of frontage on Vista Ridge Mall Dr.
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    Lewisville, TX 75067
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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
    Vista Ridge Mall Dr Lewisville, TX 75067
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