520 Lockwood Dr, Richardson, TX 75080-5609
- Retail space
- 8,500 SF
- 0.55 lot acres
Current Use by Public Records
- Retail space
Property Details for 520 Lockwood Dr
- Year built
- 1973
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.55 lot acres
- Zone code
- Z31
- Property type
- Retail space
- APN
- 42431450000240000
- APU
- 42431450000240000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 26, 2018 | — | 520 Lockwood LP | Jn Deo Partners Ltd | Grant Deed | $1.4M · Legacy Bk/tx |
| Nov 15, 2002 | — | Jn Deo Partners Ltd | Golden,tr | Grant Deed · related | $490k · First International Bank |
| — | — | Jn Deo Partners Ltd | — | Deed Of Trust · related | $100k · First International Bank |
| — | — | Jn Deo Partners Ltd|kaur,narinder P | — | Loan Modification · related | $392k · American First Nat'l Bk |
| — | — | Jn Deo Partners Ltd | — | Deed Of Trust · related | $450k · American First Nat'l Bk |
| — | — | Jn Deo Partners Ltd | — | Deed Of Trust · related | $13k · Texas Property Tax Loans |
| — | — | Jn Deo Partners Ltd | — | Deed Of Trust · related | $21k · Texas Property Tax Loans |
| — | — | Jn Deo Partners Ltd | — | Deed Of Trust · related | $490k · First International Bank |
| — | — | Jn Deo Partners Ltd | — | Deed Of Trust · related | $49k · Texas Property Tax Loans |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $485,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $678,000
Market price range: $281k - $828k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $575,000 Current use
- RESTAURANT
- $950,000 Change: +66% Conversion: Easy
- OFFICE BUILDING
- $660,000 Change: +15% Conversion: Easy
- COMMERCIAL (GENERAL)
- $640,000 Change: +11% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Richardson
- County
- Dallas
- State
- Texas
- Longitude
- -96.7368
- Latitude
- 32.9523
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
