Redevelopment Opportunity Addison TX

Contact

Will Walters

214-675-3665

willwalters@duwestrealty.com

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Location

3820 Belt Line Road

Addison, TX 75001

Price:  
$2,950,000
Cap Rate:  
n/a
Description

DuWest Realty is pleased to offer for sale the former Humperdinks Restaurant, a 10,826 square foot building, situated on 2.034 acres in Addison, Texas. The property is located on Belt Line Road (38,000 vpd), just off Marsh Lane (35,000 vpd) and 2 miles west of the Dallas North Tollway. With over 381 feet of frontage, the site is ideal for re-development at less than $34 per square foot to the dirt, or for a restaurant user who could take advantage of the large footprint and 164 existing parking spaces.  There is sufficient land to build out an 11,000 to 15,000 square foot retail strip and develop another +/- 1,500 square foot building for a QSR with drive-thru needs. There are over 145,000 residents in a 3-mile radius with an average household income of $85,000. The site presents an excellent opportunity to own real estate with long term value in one of the best work/live corridors in Dallas.

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