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I-35E & HWY 121-Business 1199 S Mill St 10 Room Hotel Lewisville, TX 75057 For Sale
Investment Highlights
- High-visibility location with strong traffic counts from I-35E and 121-Business.
- Positioned in a fast-growing corridor with ongoing city-led infrastructure expansion.
- Flexible GB zoning supporting a wide variety of high-demand commercial uses.
- Surrounded by established national brands and dense residential neighborhoods.
Executive Summary
This commercial land offering at 1199 South Mill Street presents a rare opportunity to secure a highly visible development site in one of Lewisville’s most rapidly expanding corridors. Positioned along South Mill Street with direct connectivity to I-35E and HWY 121-Business, the property benefits from exceptional traffic counts, prominent frontage, and seamless regional access. Zoned GB (General Business), the site supports a wide range of commercial uses, including QSR with drive-thru, medical, retail, fuel, hospitality, or multi-tenant concepts, making it an adaptable investment for both developers and end users.
The surrounding area continues to see substantial municipal reinvestment, infrastructure improvements, and sustained population growth, strengthening long-term demand for high-quality commercial amenities. Nearby national retailers and dense residential neighborhoods reinforce the site’s viability for immediate development. Planned enhancements to Mill Street and the adjacent Old Town design elements further elevate the property’s visibility and long-term positioning. With strong demographics, expanding employment centers, and regional connectivity between Dallas, Denton, and the northern Metroplex, this ±1.95-acre tract is poised to deliver compelling value for investors seeking a strategic foothold in North Texas’ growth trajectory
The surrounding area continues to see substantial municipal reinvestment, infrastructure improvements, and sustained population growth, strengthening long-term demand for high-quality commercial amenities. Nearby national retailers and dense residential neighborhoods reinforce the site’s viability for immediate development. Planned enhancements to Mill Street and the adjacent Old Town design elements further elevate the property’s visibility and long-term positioning. With strong demographics, expanding employment centers, and regional connectivity between Dallas, Denton, and the northern Metroplex, this ±1.95-acre tract is poised to deliver compelling value for investors seeking a strategic foothold in North Texas’ growth trajectory
Property Facts
| Sale Type | Investment | No. Rooms | 10 |
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 1990 |
| Building Class | C | Parking Ratio | 4.9/1,000 SF |
| Lot Size | 1.94 AC | Corridor | Exterior |
| Building Size | 13,780 SF | Opportunity Zone |
Yes
|
| Zoning | General Business | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.94 AC |
| Building Size | 13,780 SF |
| No. Rooms | 10 |
| No. Stories | 1 |
| Year Built | 1990 |
| Parking Ratio | 4.9/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | General Business |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 10 | $79.05 CAD | - |
1 1
Walk Score®
Very Walkable (72)
Property Taxes
| Parcel Number | R19809 | Improvements Assessment | $114,052 CAD |
| Land Assessment | $924,584 CAD | Total Assessment | $1,038,636 CAD |
Property Taxes
Parcel Number
R19809
Land Assessment
$924,584 CAD
Improvements Assessment
$114,052 CAD
Total Assessment
$1,038,636 CAD
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I-35E & HWY 121-Business | 1199 S Mill St
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