1951 Summit Avenue, Lewisville, TX

Retail for Sale - 8,252 Sq. Ft. on 7.04 acres


Agent Info

Larry Rose
Stewart-Rose Properties

Property Info

CIMLS#1061096
Location
  1951 Summit Avenue
  Lewisville TX 75077
UpdatedFebruary 24th, 2021
TypeRetail
PriceUndisclosed
Building8,252 Sq. Ft.
Land7.04 acres

Contact


Property Description

The property is located in the northwest corner of I-35 and FM 407 (Justin Road), in Lewisville (Dallas Ft. Worth Metroplex). Developed in 2002 by the current owner as an amusement business, the "Fun Zone" features mini golf, go karts, batting cages, video games, concessions, and other games/events. Platted as one lot, the property consists of 7.035 acres, an 8,252 SF main building, two warehouses (1,500 SF each), and approximately 40,000 SF of concrete paving. In addition, there is an excess of 30,000 SF of land on the west side and an excess of 20,000 SF of land on the south side.

Construction to expand I-35 is complete and the property has 318 feet of frontage road with a proposed access to the property. The existing access is from FM 407 and Summit Avenue. The property is located within Lewisville's Northern Gateway District zoned for mixed use and class A development. Opportunity exists for re-development or expansion of it's current use. Traffic counts indicate 110,000+ vehicles per day via I-35. FM 407 & Summit Avenue average 23,000+ vehicles a day.



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