Retail•Restaurant•For Sale or Lease

2nd Generation Restaurant

233 W Church St, Lewisville, Texas 75057

Sale Price Market
Lease Rate $29.00 /SqFt NNN
Year Built 2016
Gross Bldg 3,520 SqFt
Land Area .58 Acres
Former Cavalli Pizza is a 3,520 square foot vacant restaurant asset with a 1,032 square foot patio and approximately 4,000 square feet of green space located in the exciting Old Town Development in Lewisville, Texas. The 1,032 square feet of patio space can be enclosed to bring the overall air conditioned area to 4,552 square feet. The Property offers approximately 8,552 square feet of total potential patron-focused dining area. Built in 2016, Former Cavalli Pizza is positioned on 25,091 square feet of land within walking distance to approximately 1,700 planned or under development residential units, Lewisville’s City Hall, Medical City Lewisville Grand Theater and Wayne Ferguson Plaza. This 2nd Generation Restaurant includes spacious kitchen with Vent-A-Hood, walk-in cooler, dishwashing station, and fryer. Additionally the large bar area is set up for several taps and a wine tap room is in place. Wine tap room could be converted to fully or partially refrigerated tap room with current tap system. Beautifully constructed large brick oven is located between the bar and kitchen. Kitchen is currently set up for an open dining experience but could easily be reconfigured for a more private kitchen layout. The Old Town Lewisville area is the 330-acre cultural and economic center of the community. The historic downtown is bounded by I-35E to the west, College Street to the north, Railroad Street to the east and Purnell Street to the south. The development is strategically located less than 13 miles from Dallas-Fort Worth International Airport and less than 22 miles from Dallas Love Field Airport. Lewisville’s 2025 master plan for Old Town encompasses an area of approximately 30 blocks and identifies 1,700 new mixed-income housing units, 150,000 square feet of retail space in the new town center and 150,000 square feet of office space. The Wayne Ferguson Plaza is a 1.5-acre urban park built in the heart of Lewisville’s Old Town and hosts numerous events throughout the year. The park is adjacent to the historic Main Street commercial district, MCL Grand Theater and Lewisville’s City Hall. The Old Town area hosts events such as Western Days, Color Palooza, Best Little Brewfest in Texas and Sounds of Lewisville. The City of Lewisville has shown commitment to the continued development of Old Town by adding public facilities, parks and open spaces and pedestrian access improvements, as well as more shopping and dining options. In 2019, the city has committed $8.9 million to the Main Street, Mill Street and Charles Street Paving, Draining, Landscape and Signalization Improvements project. The project will add bike lanes, street parking, sidewalks and other pedestrian-friendly improvements, such as benches and street lighting. Additionally, Lewisville’s marketing budget for Old Town totaled $375,000 and $273,000 in 2018 and 2019, respectively. Lewisville has experienced compelling growth in recent years due to its superior access and infrastructure, low tax environment and quality workforce. Favorable demographics surround the Property in which the average household income within a 5 mile radius exceeds $101,100. More than 196,900 people live within a 5 mile radius. Between 2000 and 2017, Lewisville’s population grew by more than 36%. Additionally, there are over 73,200 homes within a 5 mile radius. Between 2003 and 2017, property values in Old Town increased by over 128% due to overwhelming public and private investment (City of Lewisville).
  • Vacant Restaurant Opportunity Constructed in 2016 Offering Up to 4,522 SF of Enclosed Restaurant Space in Old Town Lewisville
  • Within Walking Distance to Numerous Shopping/Dining Options, Lewisville’s City Hall, Medical City Lewisville Grand Theater & Wayne Ferguson Plaza
  • Convenient Access from Interstate 35E (161,100 + VPD)
  • Moments from Medical City Lewisville with 186 Patient Capacity & 1,160+ Employees
  • City of Lewisville Committed to Investing $8.9 Million into Improving Walkability of Old Town in 2019
  • 920+ Residential Units Planned or Under Construction in Greater Old Town Lewisville
  • Property Benefits from Matures Tree and Pergola on Approximately 4,000 SF of Outdoor Low Fenced Green Space

1 Spaces

3,520 SqFt
$29.00 NNN
9/11/2019 5:08:23 PM 9/11/2019 6:52:07 PM

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