600 Central Expy Richardson, TX 75080-5316
- Warehouses
- 8,800 SF
- 1.40 lot acres
Current Use by Public Records
- Thomas Printworks / Commercial Printer / Digital Printer
- Visualogistix / Consultant
- Lowcreditcarfinancing.com / Used Car Dealer / Auto Broker
Property Details for 600 Central Expy
- Year built
- 1963
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.40 lot acres
- Property size
- 8,800 SF
- Zone code
- Z109
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 42087800010030000
- APU
- 42087800010030000
Description
This exceptional 1.08-acre commercial land parcel, located at 600 S Central Expressway in Richardson, Texas, presents a unique investment opportunity. Zoned PD, this single-tenant property offers 47,058 square feet of buildable land, ideal for a variety of commercial developments. The property's prime location on Central Expressway ensures high visibility and accessibility, making it an attractive site for businesses seeking a prominent presence in the thriving Richardson market. The address is 600 S Central Expy, Richardson, TX 75080. The property is currently available for a ground lease, providing a flexible option for potential developers. Its strategic location within the city offers easy access to major transportation arteries, ensuring convenient commutes for employees and customers alike. The expansive lot size allows for significant development potential, catering to a wide range of commercial projects. This is a rare opportunity to acquire a substantial land parcel in a highly desirable area of Richardson, offering excellent potential for long-term growth and return on investment. The property's zoning designation (PD) allows for a variety of commercial uses, subject to city approvals. Interested parties are encouraged to conduct their own due diligence to confirm suitability for their intended use. This is a blank canvas for a visionary developer seeking to capitalize on the vibrant commercial landscape of Richardson, Texas.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $535,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $675,000
- 6.5%
- $670,000
- 7%
- $615,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $655,000
- Geo Method
- $610,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $590,000
- Retail
- $700,000
- Mixed-Use
- $710,000
- Hospitality
- $720,000
- Educational
- $755,000
- Residential Income
- $715,000
- Energy
- $665,000
- Income-Based Land
- $655,000
- Food Service
- $630,000
Location Insight
- Map
- Local Demand
- City
- Richardson
- County
- Dallas
- State
- Texas
- Longitude
- -96.7288
- Latitude
- 32.958
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
