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    5040 Tx-121 Lewisville, TX 75056

    For Lease
    Contact for pricing

    Highway 121 prime location, move-in ready.

    Lot size:
    8,952 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 8,952 square foot property, located at 5040 TX-121 in Lewisville, Texas (zip code 75056), presents a unique opportunity for retail or restaurant businesses. Currently configured as a single suite, the space offers a minimum divisible area of 1,800 square feet, with a maximum contiguous space also of 1,800 square feet. Situated in Denton County, this location boasts excellent visibility from Highway 121, ensuring high traffic and strong brand exposure. The property benefits from strong co-tenancy with established businesses such as Chipotle, Fiery Chicken, and Vision Works, creating a vibrant and attractive commercial environment. Previously used as a medical office, the space is move-in ready and ideally suited for a variety of uses, making it an excellent investment opportunity. The property's convenient location in Lewisville offers easy access to major transportation routes and a thriving local community. This is a rare chance to secure a prime retail or restaurant space in a high-demand area. The property is ready for immediate occupancy.

    Property Features for 5040 Tx-121

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,952 SF

    Unit(s) available at that property

    Space
    Suite #200
    Size
    2,000 SF

    HighLights

    • 8,952 square foot retail/restaurant space at 5040 TX‑121, Lewisville, TX 75056.
    • Minimum 1,800 SF divisible space, maximum 1,800 SF contiguous space.
    • High visibility from Highway 121 with strong co‑tenancy (Chipotle, Fiery Chicken, Vision Works).
    • Move‑in ready, previously used as a medical office, suitable for various uses.
    • Excellent location in Lewisville with easy access to major transportation routes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewisville
    County
    Denton
    State
    Texas
    Longitude
    -96.8792078
    Latitude
    33.0690925

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    FAQs

    What type of property is this?
    Restaurant - Highway 121 prime location, move-in ready.
    Where is this restaurant located?
    The property is located at 5040 Tx-121 Lewisville, TX.
    What are key features of this property?
    This property features: 8,952 square foot retail/restaurant space at 5040 TX-121, Lewisville, TX 75056.; Minimum 1,800 SF divisible space, maximum 1,800 SF contiguous space.; High visibility from Highway 121 with strong co-tenancy (Chipotle, Fiery Chicken, Vision Works).
    Request Owner's contact information
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    Lewisville, TX 75056
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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
    5040 Tx-121 Lewisville, TX 75056
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