Current Use by Public Records
- Land
Property Details for 247 State Highway 114
- Lot size
- 1.71 lot acres
- Property type
- Land
Description
This exceptional 1.71-acre commercial lot in Southlake, Texas, presents a rare development opportunity. Located on West State Highway 114, this fully entitled property boasts unparalleled visibility with approximately 125,000 vehicles passing daily. The site is zoned S-P-2, General Site Plan District, and approved by the City of Southlake for a three-story, 22,000-square-foot medical/office building. All utilities (electric, gas, water, and sewer) are readily available. The flat, rectangular lot offers exceptional frontage and visibility to Hwy 114, with convenient ingress/egress from the highway (east and westbound) and from the rear via North White Chapel Boulevard. The property includes 115 approved parking spaces (5.25 per 1,000 square feet). This fee-simple offering is situated in a rapidly growing area with affluent demographics, boasting an average annual income exceeding $229,000 within the surrounding area. The property is shovel-ready, allowing for immediate commencement of construction. This is a truly exceptional opportunity to capitalize on a high-traffic location and strong market demand. Asking price is $2,100,000. The property is located at 247 W State Hwy 114, Southlake, TX 76092.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Southlake
- County
- Tarrant
- State
- Texas
- Longitude
- -97.1516
- Latitude
- 32.9607
