1000 E State Highway 114
Southlake, TX 76092
Property For Lease

Existing 5,000 square foot building (expandable to 6,920 sf by enclosing the drive-thru area - 8,100 sf based on current parking configuration.. Land size of 1.36 acres Constructed in 2005. 27 parking space - expandable. 5 lane drive-thru can be converted to additional lease space, patio, covered parking, or a parking lot. Visible from Texas State Highway 114. Located within 6 miles of 14 hospitals and major medical facilities including Southlake Methodist, Texas Health Harris Methodist, Baylor, Scott & White Medical Center. Remarkably close proximity to DFW International Airport. Across Texas State Highway 114 from Southlake Town Square - home to over 120 shops, 27 eateries, 3 parks, medical offices, and the Hilton Luxury Boutique Hotel. C3 “General Commercial” zoning, the most liberal commercial zoning district in Southlake. Property is Deed Restricted - no banks or financial institutions for 5 years. Prestigious Southlake, Texas, address. Located on the northwest quadrant of Texas Highway 114 and Carroll Avenue. Just east of the affluent cities of Keller, Trophy Club, Roanoke, Northlake, Westlake. Located across State Highway 114 from Southlake Town Center, the hub of retail, office, and restaurant activity in the region. Please Click Here for more information. Located directly in the path of current and future growth. Excellent access from State Highway 114, State Highway 170, and State Highway 121. Site is ready for redevelopment and currently Zoned “C3” – General Commercial. The purpose of the General Commercial (“C3”) Zoning District is to provide areas for neighborhood-serving commercial, institutional and office uses. This is a general commercial zoning district normally reserved for areas that provide the greatest number and mix of retail and commercial uses. This district is reserved for areas of adequate size and location so that its broad range of medium to higher intensity land uses will not cause or create nuisances to adjoining zoning districts. It is not anticipated that this district will be placed contiguous to or in direct proximity to residential zoning districts. This zoning district is designed and intended to serve as the commercial support zone of the entire community. It is not based on a service area directed only at immediately surrounding properties. This commercial zoning classification is the most comparable to that traditionally found in central business districts of older communities and is intended to have a clearly defined commercial pattern. It should be located in such a manner as to have reasonable access to major arterial roadway systems so that ingress and egress to the C3 area may be managed in a safe and controlled manner. The property is currently a 2nd generation Regions Bank facility with five (5) drive-thru lanes. 47,334 homes with a median home value of $444,016 within a 5-mile radius. (source: Costar). 18,675 homes with a median home value of $536,416 within a 3-mile radius. (source: Costar). 1,529 homes with a median home value of $834,576 within a 1-mile radius. (source: Costar). Median listing price for homes in Southlake, Texas $935,000. (source: realtor.com). Home sale prices up 16.6% year-over-year since 2011. (source: realtor.com). Southlake homes for sale are currently priced from $484,994 to $9,999,999. (source: realtor.com). Private entrances and individual signage can be made available to prospective tenants. Existing bank drive-thru lanes can be converted to covered patio, physician covered parking, or removed to create a parking lot. ALL FF&E is available including all safes and safety deposit boxes. Traffic Counts – 24-hour vehicles per day average (source: Costar): State Highway 114 : 124,364 vpd N. Carroll Avenue: 7,104 vpd