Cool River Cafe 1045 Hidden Ridge Dr 20,952 SF Retail Building Irving, TX 75038 $5,800,000 ($276.82/SF)
INVESTMENT HIGHLIGHTS
- 20,925 SF freestanding restaurant in vibrant Las Colinas area.
- 181 parking spaces provide ample convenience for guests.
- Just 1.5 miles from the 275,000 SF Irving Convention Center.
- Prime zoning S-P1 (R-AB) offers versatile business opportunities.
- Excellent access to John Carpenter Freeway & Bush Turnpike.
- Positioned near top corporate, hospitality, and retail establishments.
EXECUTIVE SUMMARY
Structure Commercial is proud to present a rare opportunity to acquire the iconic Former Cool River Café, a prominent property located in the bustling Las Colinas area of Irving, Texas. Spanning over 20,925 square feet on a generous 2.98-acre lot, this freestanding restaurant property has been a well-known destination for over two decades. Its strategic location, surrounded by a vibrant mix of corporate, hospitality, and retail establishments, ensures consistent high traffic and visibility. The property is just 1.5 miles west of the expansive 275,000-square-foot Irving Convention Center, offering unparalleled potential for attracting visitors and locals alike.
With close to 200 parking spaces and excellent access to major highways, including the John Carpenter Freeway and Bush Turnpike, this site is positioned for success. The upcoming $55 million capital improvement project at the nearby TPC Four Seasons Resort, acquired by the Ritz Carlton, further enhances the area's appeal and growth prospects.
With close to 200 parking spaces and excellent access to major highways, including the John Carpenter Freeway and Bush Turnpike, this site is positioned for success. The upcoming $55 million capital improvement project at the nearby TPC Four Seasons Resort, acquired by the Ritz Carlton, further enhances the area's appeal and growth prospects.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
20,952 SF
Building Class
B
Year Built
1997
Price
$5,800,000
Price Per SF
$276.82
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.98 AC
Zoning
S-P-1 - S-P-1 (R-AB)
Parking
181 Spaces (8.64 Spaces per 1,000 SF Leased)
Frontage
638’ on Hidden Ridge Dr
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 322778500A0010000 | Improvements Assessment | $2,254,830 |
| Land Assessment | $1,945,170 | Total Assessment | $4,200,000 |
