1212 Casey Ct - Carroll Oaks 1.8 Acres SH-114 Southlake 0.25 - 0.5 Acre Commercial Land Lots Offered at $1,710,988 - $1,710,988 CAD Per Lot in Southlake, TX 76092

## PROPERTY NAME ``` Casey Court — 1.66 Acres SH-114 Frontage, Southlake TX ``` ## PROPERTY TYPE ``` Land — Commercial/Retail/Office/Medical ``` ## LISTING TYPE ``` For Sale / For Lease (Ground Lease) ``` --- ## HEADLINE / MARKETING TITLE ``` Last Premier SH-114 Frontage Parcel in Southlake — 1.66 Acres, Westin Hotel Adjacent, 761' Peak Elevation ``` --- ## PROPERTY DESCRIPTION (Long — use for main description field) ``` Casey Court is the last premier developable parcel on the SH-114 corridor in Southlake, Texas — one of the most affluent communities in the United States. 4 contiguous lots totaling 1.66 acres (72,442 SF) in the Carroll Oaks Addition, positioned at 761 feet elevation — the highest point in North Tarrant County — with 2+ mile signage visibility across the SH-114 corridor. STRATEGIC POSITION: • SH-114 frontage with 151,835 daily vehicles (top 2% of all Texas commercial corridors per TxDOT) • Dual access via SH-114 and N. Carroll Avenue • Lots 5, 6, and 7 share direct property boundary with the 261-room Westin Southlake Hotel (6 stories, ~7 acres) • Lot 8 provides N. Carroll Avenue access for service and traffic separation • Directly across from Southlake Town Square, DFW's premier 1.5M SF retail destination • 8 minutes to DFW International Airport DEMOGRAPHICS: • $287,000 average household income within 1-mile radius (4.2× national median) • 49,378 residents within 3 miles with $10.3B combined annual income • Southlake is 90%+ built out — only 54 building permits issued in 2024 vs. 177 in comparable Flower Mound DEVELOPMENT POTENTIAL (subject to rezoning): • Class A Office: ~32,000 SF, 3 stories, $28/SF/yr NNN, $12-14M stabilized value • Retail & Restaurant Village: ~16,000 SF, $42/SF/yr NNN, highest ROI potential • Medical Office Pavilion: ~25,000 SF, 6.2-6.9% cap rate • Luxury Townhomes: 3 units at $2.2M each under TZD zoning (2 units/acre) TERMS: • Purchase Price: $4,750,000 • Ground Lease: $7.00/SF/yr NNN (50-99 year terms available) Current zoning SF-1A with strong rezoning potential to C-2, TZD, O-2, or SP-2 based on adjacent commercial land uses and SH-114 corridor location. This is a first-look opportunity. Southlake's finite 22.6 square miles cannot expand. When premier SH-114 frontage parcels sell, they stay developed. Casey Court represents one of approximately 12 remaining highway frontage sites in the city. Contact: contact@downtownsouthlake.com | (323) 839-5800 Website: https://downtownsouthlake.com