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5531 Lake Ridge Pkwy
Grand Prairie, TX 75052

Lake Ridge Parkway Pads in Grand Prairie · Land For Sale · 1.00 AC

Investment Highlights

  • Located on Lake Ridge Parkway, South of IH-20 in Good Demo Area
  • Carve to Suite from 6.5-Acre Parent Site at $12/sf
  • Ideal for QSR, retail, medical, etc.
  • Busy 6-Lane Boulevard with Median Opening for Site
  • Zoned Commercial, Platted, Reciprocal Access Along Front, Level, All Utilities, CLEAN
  • Email Wayne.burgdorf@svn.com for Full Info

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Bank
  • Fast Food
  • General Freestanding
  • Medical
  • Restaurant
  • Storefront, Retail or Office
  • Strip Center
  • Supermarket
Total Lot Size 1.00 AC

Description

The subject sites are carve to suit commercial sites at 5523 Lake Ridge Parkway, with the parent tract having 6.533 acres. The sites are located in southwest Grand Prairie where strong residential development is just about complete and commercial uses are coming in. This is one of the best demographic areas of Grand Prairie considering population and income. The sites are located on the west side of Lake Ridge Parkway, just south of Camp Wisdom. Regional retailers are along the freeway corridors nearby, and this is an ideal location for neighborhood commercial and service uses. The parent site is 6.533 acres with 607 feet of frontage and a varying depth of 360-500'. The parent site can have two drive approaches, one at the median opening of Montgomery Drive, both of which can be shared among all pad users via reciprocal access. Lake Ridge has about 16,500 vpd at this location. It is about the cleanest site you will see with level terrain, no flood, no unusual easements, and all utilities. The parent site can be carved up with 3-5 sites at $12/sf. This posting assumes one acre at $12/sf as an example.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
41500377
Land Assessment
$254,564
Improvements Assessment
$0
Total Assessment
$254,564

zoning

Zoning Code Comm PD267A
Comm PD267A
  • Listing ID: 22487364

  • Date on Market: 3/16/2021

  • Last Updated:

  • Address: 5531 Lake Ridge Pkwy, Grand Prairie, TX 75052

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