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Promenade Tower 300 N Coit Rd 226,400 SF 55% Leased Office Building Richardson, TX 75080 For Sale

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INVESTMENT HIGHLIGHTS

  • IMMEDIATE WALKABILITY
  • LOCATION, LOCATION, LOCATION
  • REUSE AND CAPITALIZE
  • A SPACE FOR EVERY TASTE
  • PLENTIFUL ON-SITE PARKING

EXECUTIVE SUMMARY

Younger Partners, as exclusive advisor, is pleased to present the unique opportunity to acquire Promenade Tower (the “Property”). This landmark, office and retail development boasts a prominent position at Belt Line / Coit Road in the highly-sought after and affluent submarket of Richardson, Texas. The offering includes a complete fee-simple interest in a distinguished, 15-story office tower that spans 142,169 square feet of space, along with 84,231 square feet of highprofile community retail space and almost 1,000 parking spaces on 6.78 acres of irreplacable land. Nestled amongst a sea of single-family rooftops, the Property enjoys a prime location just west of the Richardson Innovation District - the region’s second largest employments center (1.9M employees) and the STEM hub of Dallas.
Combining established income from a diverse tenant mixture that includes generational neighborhood retail, Promenade Tower is a compelling adaptive reuse opportunity. The 15-story office tower has floor plates of just over 9,000 square feet, 12’5” deck-to-deck heights (floors 3-15) and unobstructed views in every direction. Additionally, the building has a former bank lobby with around 10,000 square feet of potential amenity space with 21’ ceiling heights.
If you build it, they will come and an adaptive reuse of the office tower for residential, hospitality or senior living will bolster the existing retail and drive demand for new tenants. Promenade Tower is surrounded by a solid demographic base where average household incomes are more than $160,000 (1 mile) and median home prices are $490,000 with 50,000 cars passing the building daily.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
226,400 SF
Building Class
B
Year Built/Renovated
1977/2011
Percent Leased
55%
Tenancy
Multiple
Building Height
15 Stories
Typical Floor Size
15,093 SF
Slab To Slab
12’
Building FAR
0.77
Lot Size
6.78 AC
Zoning
Z137 - Commercial
Parking
933 Spaces (4.12 Spaces per 1,000 SF Leased)

AMENITIES

  • Banking
  • Conferencing Facility
  • Food Service
  • Property Manager on Site
  • Restaurant

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 0131
  • 3,299 SF
  • Retail
  • Full Build-Out
  • Now

Call or email broker for more info.

  • 1st Fl-Ste 0132
  • 1,988 SF
  • Retail
  • Full Build-Out
  • Now

Call or email broker for more info.

  • 1st Fl-Ste 0135
  • 2,255 SF
  • Retail
  • Full Build-Out
  • Now

Call or email broker for more info.

  • 1st Fl-Ste 0140
  • 6,753 SF
  • Retail
  • Full Build-Out
  • Now

Call or email broker for more info.

  • 1st Fl-Ste 0150
  • 4,076 SF
  • Retail
  • Full Build-Out
  • Now

Call or email broker for more info.

  • 1st Fl-Ste 0152
  • 3,184 SF
  • Retail
  • Full Build-Out
  • Now

Call or email broker for more info.

  • 1st Fl-Ste 0157
  • 883 SF
  • Retail
  • Full Build-Out
  • Now

Call or email broker for more info.

  • 1st Fl-Ste 0175
  • 2,415 SF
  • Retail
  • Full Build-Out
  • Now

Call or email broker for more info.

  • 1st Fl-Ste 0177
  • 1,594 SF
  • Retail
  • Full Build-Out
  • Now

Call or email broker for more info.

  • 1st Fl-Ste 0179
  • 5,563 SF
  • Retail
  • Full Build-Out
  • Now
  • 1st Fl-Ste 0199
  • 181 SF
  • Retail
  • Full Build-Out
  • Now

Call or email broker for more info.

  • 1st Fl-Ste 126
  • 772 SF
  • Retail
  • Full Build-Out
  • Now

Call or email broker for more info.

  • 1st Fl-Ste 178
  • 1,515 SF
  • Retail
  • -
  • Now
  • 2nd Fl-Ste 0200
  • 9,396 SF
  • Retail
  • Full Build-Out
  • Now
  • 2nd Fl-Ste 200
  • 9,396 SF
  • Office
  • Full Build-Out
  • Now

Suite 200 is 9,396 square feet with ten (10) offices, a storage room and large bullpen space.

  • 3rd Fl-Ste 350
  • 1,742 SF
  • Office
  • Full Build-Out
  • Now

Suite 350 is 1,742 square feet with a hard surface entry way, a breakroom with a sink and upper and lower cabinets. It's a corner space with an atrium, storage room and four (4) offices.

  • 4th Fl-Ste 400
  • 8,994 SF
  • Office
  • Full Build-Out
  • Now

Suite 400 is a 8,994 square foot full floor space for smaller use with double elevator exposure and a Liebert unit in place. It's a flexible floor plan with a break room equipped with a sink, conference rooms, multiple offices, bullpen and storage space. Could be combined with the fifth (5th) floor for 17,836 square feet.

  • 5th Fl-Ste 500
  • 8,994 SF
  • Office
  • Full Build-Out
  • Now

Suite 500 is a 8,994 square foot full floor space with double elevator exposure. It's flexible floor plan has offices, conference rooms, bullpen and storage space. Could be combined with the fourth (4th) floor for 17,836 square feet.

  • 6th Fl-Ste 625
  • 374 SF
  • Office
  • Shell Space
  • Now

374 SF move-in ready open floor plan.

  • 6th Fl-Ste 650
  • 2,791 SF
  • Office
  • Partial Build-Out
  • Now

Suite 650 is a 2,791 square foot corner space with elevator exposure five (5) offices, bullpen area and storage space.

  • 8th Fl-Ste 810
  • 2,277 SF
  • Office
  • Partial Build-Out
  • Now

Suite 810 is a 2,227 square foot corner space with a conference room, break room with a sink and five (5) offices. Could be combined with suite 820, which has elevator exposure, for 3,047 square feet.

  • 8th Fl-Ste 820
  • 768 SF
  • Office
  • Full Build-Out
  • Now

Suite 820 is 768 square feet with an open floor plan and elevator exposure. Could be combined with suite 810 for 3,047 square feet.

  • 9th Fl-Ste 900
  • 9,052 SF
  • Office
  • Full Build-Out
  • Now

Suite 900 is a 9,052 square foot full floor space to be renovated. It offers double lobby exposure, multiple private offices, bullpen space, a break room with a sink, storage space and great views .

  • 10th Fl-Ste 1005
  • 2,539 SF
  • Office
  • Full Build-Out
  • Now

Very nice 2n generation with four (4) offices, conference room, break room and reception area.

  • 10th Fl-Ste 1010
  • 3,264 SF
  • Office
  • Full Build-Out
  • Now

Very nice 2nd generation suite with four (4) offices, a large conference room, break room and private restroom.

  • 11th Fl-Ste 1100
  • 1,270 SF
  • Office
  • Full Build-Out
  • Now

Nice 2nd generation space with four (4) private offices.

  • 12th Fl-Ste 1200
  • 2,501 SF
  • Office
  • Full Build-Out
  • Now

Very nice 2nd generation space with a glass-fronted conference room, three (3) offices, an open break, an open area for workstations, and reception.

  • 12th Fl-Ste 1215
  • 1,952 SF
  • Office
  • Partial Build-Out
  • Now

Suite 1215 is 1,952 square feet with six (6) offices, reception, and storage space.

  • 13th Fl-Ste 1350
  • 2,004 SF
  • Office
  • Partial Build-Out
  • Now

Suite 1350 is 2,004 square feet with an open floor plan and a break room.

Space Size Space Use Condition Available
1st Fl-Ste 0131 3,299 SF Retail Full Build-Out Now
1st Fl-Ste 0132 1,988 SF Retail Full Build-Out Now
1st Fl-Ste 0135 2,255 SF Retail Full Build-Out Now
1st Fl-Ste 0140 6,753 SF Retail Full Build-Out Now
1st Fl-Ste 0150 4,076 SF Retail Full Build-Out Now
1st Fl-Ste 0152 3,184 SF Retail Full Build-Out Now
1st Fl-Ste 0157 883 SF Retail Full Build-Out Now
1st Fl-Ste 0175 2,415 SF Retail Full Build-Out Now
1st Fl-Ste 0177 1,594 SF Retail Full Build-Out Now
1st Fl-Ste 0179 5,563 SF Retail Full Build-Out Now
1st Fl-Ste 0199 181 SF Retail Full Build-Out Now
1st Fl-Ste 126 772 SF Retail Full Build-Out Now
1st Fl-Ste 178 1,515 SF Retail - Now
2nd Fl-Ste 0200 9,396 SF Retail Full Build-Out Now
2nd Fl-Ste 200 9,396 SF Office Full Build-Out Now
3rd Fl-Ste 350 1,742 SF Office Full Build-Out Now
4th Fl-Ste 400 8,994 SF Office Full Build-Out Now
5th Fl-Ste 500 8,994 SF Office Full Build-Out Now
6th Fl-Ste 625 374 SF Office Shell Space Now
6th Fl-Ste 650 2,791 SF Office Partial Build-Out Now
8th Fl-Ste 810 2,277 SF Office Partial Build-Out Now
8th Fl-Ste 820 768 SF Office Full Build-Out Now
9th Fl-Ste 900 9,052 SF Office Full Build-Out Now
10th Fl-Ste 1005 2,539 SF Office Full Build-Out Now
10th Fl-Ste 1010 3,264 SF Office Full Build-Out Now
11th Fl-Ste 1100 1,270 SF Office Full Build-Out Now
12th Fl-Ste 1200 2,501 SF Office Full Build-Out Now
12th Fl-Ste 1215 1,952 SF Office Partial Build-Out Now
13th Fl-Ste 1350 2,004 SF Office Partial Build-Out Now

1st Fl-Ste 0131

Size
3,299 SF
Space Use
Retail
Condition
Full Build-Out
Available
Now

1st Fl-Ste 0132

Size
1,988 SF
Space Use
Retail
Condition
Full Build-Out
Available
Now

1st Fl-Ste 0135

Size
2,255 SF
Space Use
Retail
Condition
Full Build-Out
Available
Now

1st Fl-Ste 0140

Size
6,753 SF
Space Use
Retail
Condition
Full Build-Out
Available
Now

1st Fl-Ste 0150

Size
4,076 SF
Space Use
Retail
Condition
Full Build-Out
Available
Now

1st Fl-Ste 0152

Size
3,184 SF
Space Use
Retail
Condition
Full Build-Out
Available
Now

1st Fl-Ste 0157

Size
883 SF
Space Use
Retail
Condition
Full Build-Out
Available
Now

1st Fl-Ste 0175

Size
2,415 SF
Space Use
Retail
Condition
Full Build-Out
Available
Now

1st Fl-Ste 0177

Size
1,594 SF
Space Use
Retail
Condition
Full Build-Out
Available
Now

1st Fl-Ste 0179

Size
5,563 SF
Space Use
Retail
Condition
Full Build-Out
Available
Now

1st Fl-Ste 0199

Size
181 SF
Space Use
Retail
Condition
Full Build-Out
Available
Now

1st Fl-Ste 126

Size
772 SF
Space Use
Retail
Condition
Full Build-Out
Available
Now

1st Fl-Ste 178

Size
1,515 SF
Space Use
Retail
Condition
-
Available
Now

2nd Fl-Ste 0200

Size
9,396 SF
Space Use
Retail
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 200

Size
9,396 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Fl-Ste 350

Size
1,742 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Fl-Ste 400

Size
8,994 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

5th Fl-Ste 500

Size
8,994 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

6th Fl-Ste 625

Size
374 SF
Space Use
Office
Condition
Shell Space
Available
Now

6th Fl-Ste 650

Size
2,791 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

8th Fl-Ste 810

Size
2,277 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

8th Fl-Ste 820

Size
768 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

9th Fl-Ste 900

Size
9,052 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

10th Fl-Ste 1005

Size
2,539 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

10th Fl-Ste 1010

Size
3,264 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

11th Fl-Ste 1100

Size
1,270 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

12th Fl-Ste 1200

Size
2,501 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

12th Fl-Ste 1215

Size
1,952 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

13th Fl-Ste 1350

Size
2,004 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 0131

Size 3,299 SF
Space Use Retail
Condition Full Build-Out
Available Now

Call or email broker for more info.

1st Fl-Ste 0132

Size 1,988 SF
Space Use Retail
Condition Full Build-Out
Available Now

Call or email broker for more info.

1st Fl-Ste 0135

Size 2,255 SF
Space Use Retail
Condition Full Build-Out
Available Now

Call or email broker for more info.

1st Fl-Ste 0140

Size 6,753 SF
Space Use Retail
Condition Full Build-Out
Available Now

Call or email broker for more info.

1st Fl-Ste 0150

Size 4,076 SF
Space Use Retail
Condition Full Build-Out
Available Now

Call or email broker for more info.

1st Fl-Ste 0152

Size 3,184 SF
Space Use Retail
Condition Full Build-Out
Available Now

Call or email broker for more info.

1st Fl-Ste 0157

Size 883 SF
Space Use Retail
Condition Full Build-Out
Available Now

Call or email broker for more info.

1st Fl-Ste 0175

Size 2,415 SF
Space Use Retail
Condition Full Build-Out
Available Now

Call or email broker for more info.

1st Fl-Ste 0177

Size 1,594 SF
Space Use Retail
Condition Full Build-Out
Available Now

Call or email broker for more info.

1st Fl-Ste 0199

Size 181 SF
Space Use Retail
Condition Full Build-Out
Available Now

Call or email broker for more info.

1st Fl-Ste 126

Size 772 SF
Space Use Retail
Condition Full Build-Out
Available Now

Call or email broker for more info.

2nd Fl-Ste 200

Size 9,396 SF
Space Use Office
Condition Full Build-Out
Available Now

Suite 200 is 9,396 square feet with ten (10) offices, a storage room and large bullpen space.

3rd Fl-Ste 350

Size 1,742 SF
Space Use Office
Condition Full Build-Out
Available Now

Suite 350 is 1,742 square feet with a hard surface entry way, a breakroom with a sink and upper and lower cabinets. It's a corner space with an atrium, storage room and four (4) offices.

4th Fl-Ste 400

Size 8,994 SF
Space Use Office
Condition Full Build-Out
Available Now

Suite 400 is a 8,994 square foot full floor space for smaller use with double elevator exposure and a Liebert unit in place. It's a flexible floor plan with a break room equipped with a sink, conference rooms, multiple offices, bullpen and storage space. Could be combined with the fifth (5th) floor for 17,836 square feet.

5th Fl-Ste 500

Size 8,994 SF
Space Use Office
Condition Full Build-Out
Available Now

Suite 500 is a 8,994 square foot full floor space with double elevator exposure. It's flexible floor plan has offices, conference rooms, bullpen and storage space. Could be combined with the fourth (4th) floor for 17,836 square feet.

6th Fl-Ste 625

Size 374 SF
Space Use Office
Condition Shell Space
Available Now

374 SF move-in ready open floor plan.

6th Fl-Ste 650

Size 2,791 SF
Space Use Office
Condition Partial Build-Out
Available Now

Suite 650 is a 2,791 square foot corner space with elevator exposure five (5) offices, bullpen area and storage space.

8th Fl-Ste 810

Size 2,277 SF
Space Use Office
Condition Partial Build-Out
Available Now

Suite 810 is a 2,227 square foot corner space with a conference room, break room with a sink and five (5) offices. Could be combined with suite 820, which has elevator exposure, for 3,047 square feet.

8th Fl-Ste 820

Size 768 SF
Space Use Office
Condition Full Build-Out
Available Now

Suite 820 is 768 square feet with an open floor plan and elevator exposure. Could be combined with suite 810 for 3,047 square feet.

9th Fl-Ste 900

Size 9,052 SF
Space Use Office
Condition Full Build-Out
Available Now

Suite 900 is a 9,052 square foot full floor space to be renovated. It offers double lobby exposure, multiple private offices, bullpen space, a break room with a sink, storage space and great views .

10th Fl-Ste 1005

Size 2,539 SF
Space Use Office
Condition Full Build-Out
Available Now

Very nice 2n generation with four (4) offices, conference room, break room and reception area.

10th Fl-Ste 1010

Size 3,264 SF
Space Use Office
Condition Full Build-Out
Available Now

Very nice 2nd generation suite with four (4) offices, a large conference room, break room and private restroom.

11th Fl-Ste 1100

Size 1,270 SF
Space Use Office
Condition Full Build-Out
Available Now

Nice 2nd generation space with four (4) private offices.

12th Fl-Ste 1200

Size 2,501 SF
Space Use Office
Condition Full Build-Out
Available Now

Very nice 2nd generation space with a glass-fronted conference room, three (3) offices, an open break, an open area for workstations, and reception.

12th Fl-Ste 1215

Size 1,952 SF
Space Use Office
Condition Partial Build-Out
Available Now

Suite 1215 is 1,952 square feet with six (6) offices, reception, and storage space.

13th Fl-Ste 1350

Size 2,004 SF
Space Use Office
Condition Partial Build-Out
Available Now

Suite 1350 is 2,004 square feet with an open floor plan and a break room.

Walk Score®
Very Walkable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
42144600000010100
Land Assessment
$2,363,850
Improvements Assessment
$10,086,150
Total Assessment
$12,450,000
  • Listing ID: 37428903

  • Date on Market: 8/26/2025

  • Last Updated:

  • Address: 300 N Coit Rd, Richardson, TX 75080

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