Vista Ridge Mall Dr Lewisville, TX 75067
- Land
- 2.04 lot acres
Current Use by Public Records
- Land
Property Details for 0 Vista Ridge Mall Dr
- Lot size
- 2.04 lot acres
- Property type
- Land
Description
This exceptional 2.039-acre commercial land parcel in Lewisville, Texas, presents a compelling investment opportunity. Priced at $1,300,000 ($14.64/SF), this nearly square site boasts approximately 287 feet of frontage on Vista Ridge Mall Drive, offering excellent visibility and accessibility. Located near Music City Mall and directly north of a Holiday Inn Express, the property benefits from a high-traffic area and established commercial presence. The site's zoning (L1) permits various uses, including hotels, although an "extended stay" hotel would require a Special Use Permit. City planning documents specify requirements for hotels built on this land, including minimum guest room size (325 sq ft), all-interior corridors, a minimum of 120 guest rooms, and a minimum of four stories. Additional amenities and building specifications are outlined in Section 6-182 of the city's regulations, covering aspects like fitness facilities, pools, spas, and landscaping. Lewisville's diverse economy, encompassing manufacturing, healthcare, technology, and retail, coupled with its proximity to DFW Airport, major freeways, and recreational areas, contributes to a strong and growing hotel market, as evidenced by recent successful hotel developments and sales in the immediate vicinity. The APN is R713713. The property is owned by SJH Inns, LLC, a Texas Limited Liability Company. This site offers significant potential for a lucrative hotel development in a thriving Texas market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lewisville
- County
- Denton
- State
- Texas
- Longitude
- -96.9789
- Latitude
- 32.9984
