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    1045 Hidden Ridge Dr Irving, TX 75038

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    20,952 SF Restaurant, Vacant, Ideal Location

    Property size:
    20,952 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 20,952-square-foot vacant restaurant building presents a unique investment opportunity in Irving, Texas. Situated on a 2.98-acre lot at 1045 Hidden Ridge, this property boasts 181 parking spaces (an 8.64 ratio) and 638 feet of frontage on Hidden Ridge Drive. Built in 1997, the building features four elevators and benefits from its strategic location near major highways and business centers in Dallas County. The S-P-1 zoning allows for diverse uses. The property is offered at $5,800,000 and is well-suited for both investment and owner-user buyers. Its previous tenant was a well-established restaurant, indicating strong potential for future success. The ample parking and high visibility make this a truly exceptional offering. The property's address is 1045 Hidden Ridge, Irving, TX 75038.

    Property Features for 1045 Hidden Ridge Dr

    General Information

    Property type
    Restaurants
    Square Feet
    20,952 SF

    Building Details

    Year Built
    1997

    HighLights

    • Single‑tenant net lease.
    • Strong credit tenant with a long‑term NNN lease.
    • Excellent 1031 exchange opportunity.
    • High visibility and convenient access.
    • Four elevators provide efficient service.
    • Strategic location near major highways and business districts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency 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
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -96.9623067
    Latitude
    32.8776359

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    FAQs

    What type of property is this?
    Restaurant - 20,952 SF Restaurant, Vacant, Ideal Location
    Where is this restaurant located?
    The property is located at 1045 Hidden Ridge Dr Irving, TX.
    What are key features of this property?
    This property features: Single-tenant net lease.; Strong credit tenant with a long-term NNN lease.; Excellent 1031 exchange opportunity.
    Request Owner's contact information
    1045 Hidden Ridge Dr Irving, TX 75038
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    Irving, TX 75038
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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
    1045 Hidden Ridge Dr Irving, TX 75038
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