3700 Riv Walk Dr Flower Mound, TX 75028
- Office Properties & Spaces
- 29,597 SF
- 3.64 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 3700 Riv Walk Dr
- Year built
- 1984
- Lot size
- 3.64 lot acres
- Property size
- 29,597 SF
- Property type
- Office Properties & Spaces
Description
This exceptional 29,597-square-foot multi-tenant office building presents a compelling value-add or owner-user opportunity in Flower Mound, Texas. Located at 3700 River Walk Drive, this Class B property, built in 1984, boasts 16 units with a current occupancy rate of 71.5%. The property sits on a 3.64-acre lot within the vibrant River Walk mixed-use development, a 158-acre project integrating commercial, retail, dining, medical, residential, and civic uses. Its prime location offers easy access to major thoroughfares including Highways 2499, I-35, SH-121, and FM 407, as well as proximity to Dallas/Fort Worth International Airport and Texas Health Presbyterian Hospital Flower Mound. The building benefits from a diverse tenant mix with staggered leases, providing immediate income and potential for increased revenue through leasing vacant space at market rates. The high-traffic intersection of Cross Timbers Road and River Walk Drive sees approximately 25,604 vehicles daily. Strong demographics further enhance the property's appeal, with 109,698 residents within a 3-mile radius and a high average household income of $160,415 within 1 mile. The River Walk's 46.5 acres of parks and open spaces create a desirable and serene environment. This property is zoned as a Central Business District, allowing for flexible use and integration with surrounding businesses. This is an ideal investment for those seeking a strong return on investment in a thriving Texas market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Flower Mound
- County
- Denton
- State
- Texas
- Longitude
- -97.0651
- Latitude
- 33.0359
