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    475 State Highway 121 Lewisville, TX 75067

    For Sale
    Contact for pricing

    0.5-acre retail land, Hwy 121 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 0.5-acre commercial land parcel presents a remarkable opportunity for retail development in the thriving city of Lewisville, Texas. Located at 475 State Hwy. 121, this property boasts a highly visible location with excellent access to a major thoroughfare, ensuring significant exposure for any future business. The permitted zoning is specifically designated for retail use, streamlining the development process and minimizing potential delays. The single building allowance offers flexibility in design and construction, allowing for a customized approach to meet specific business needs. Situated in Denton County, this property benefits from the robust economic growth and strong demographics of the Lewisville area. The convenient location provides easy access to a large and diverse customer base, making it an ideal site for a variety of retail ventures. With its strategic location, zoning compliance, and ample space, this 0.5-acre lot represents a compelling investment opportunity for those seeking a prime location to establish a successful retail presence. The property's address is 475 State Hwy. 121, Lewisville, TX 75067. This is a multi-tenancy property. The coordinates are 32.9923798 latitude and -96.9782503 longitude.

    Property Features for 475 State Highway 121

    General Information

    Property type
    Land
    Lot Size
    21,780 SF

    Building Details

    Buildings
    1

    HighLights

    • 0.5‑acre commercial land parcel in Lewisville, TX, ideal for retail development.
    • High‑visibility location at 475 State Hwy. 121 with excellent access to major thoroughfare.
    • Retail zoning allows for streamlined development.
    • Single‑building allowance offers design flexibility.
    • Located in Denton County, benefiting from strong Lewisville demographics and economic growth.
    • Multi‑tenancy property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Glow Spa By ... Beautician Lashes & More Eyelash Salon Shear Magnolias Hair Salon Colorful Creations By ... Hair Salon Glow and Blush by ... Beauty Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewisville
    County
    Denton
    State
    Texas
    Longitude
    -96.9782503
    Latitude
    32.9923798

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    FAQs

    What type of property is this?
    Land - 0.5-acre retail land, Hwy 121 access.
    Where is this land located?
    The property is located at 475 State Highway 121 Lewisville, TX.
    What are key features of this property?
    This property features: 0.5-acre commercial land parcel in Lewisville, TX, ideal for retail development.; High-visibility location at 475 State Hwy. 121 with excellent access to major thoroughfare.; Retail zoning allows for streamlined development.
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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
    475 State Highway 121 Lewisville, TX 75067
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