realestate

Southlake Landmark Site Readies for Commercial Development

Southlake's prime 18+ acres at 1101 N. Carroll Ave. offers excellent street coverage and endless possibilities.

A
prime piece of property in Southlake has hit the market, boasting over 18 acres of land. The parcel at 1101 N. Carroll Ave. is zoned commercial and features operational office buildings, including one of the original six Carroll school buildings. The seller? None other than the Carroll Independent School District.

    The property offers a blank canvas for development, with flat terrain and proximity to the Westin Hotel and Southlake Town Center. It's an ideal location for retail destinations, corporate headquarters, luxury developments, or medical facilities. With award-winning schools and sports teams, as well as easy access to DFW International Airport via Southlake Boulevard and Highway 114, this property is a coveted spot.

    Broker Roxann Taylor of Engel & Volkers Dallas Southlake notes that the land can be used for phased development or a large-scale master plan. While some buildings are in great shape, others can be demolished to make way for new projects. The asking price? $13.3 million, with Taylor confident it will fetch between $15 and $19 million.

    Interested buyers have until August 1 to submit questions and August 8 to make final offers. With the school board's approval required, this is a unique opportunity for developers to bring their vision to life in Southlake's highly sought-after market.

Southlake landmark site prepares for commercial development, construction underway in Texas.