520 Lockwood Dr Richardson, TX 75080-5609
This exceptional 4,400-square-foot restaurant space presents a unique opportunity in Richardson's vibrant Lockwood District. Located at 520 Lockwood Drive, this single-tenant property boasts a prime location along one of Richardson's newest and most sought-after areas, known for its trendy restaurants, coffee shops, and the city's first distillery. The property benefits from excellent visibility and high traffic counts due to its convenient access from both Belt Line Road and US-75. The building is categorized as a second-generation restaurant, offering a ready-to-occupy space with existing infrastructure. The property's size is ideal for a variety of restaurant concepts, and its location within the Lockwood District ensures high foot traffic and visibility. This is a rare opportunity to establish a thriving business in a dynamic and rapidly growing area of Richardson, Texas, zip code 75080. The property's coordinates are 32.95221143 latitude and -96.73678168 longitude. The building itself has a total square footage of 4,400 square feet. This is a single-tenant retail space, perfect for a restaurant operator looking for a turn-key location. The property is situated in a thriving area with a strong local economy and a high concentration of desirable demographics.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Z31 · Richardson, TXRichardson. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.