US 377 and SH 114 Roanoke TX Commercial Property

SH 114 widening

Community Impact reported (June 17, 2025) that TxDOT is widening a nearly 3-mile stretch of SH 114 between I-35W and Hwy. 114 Business to a six-lane freeway. Construction began August 2023. Completion was expected spring 2026. The reported cost is $99 million.

Why an owner should care:

• Access can change. New lanes and ramps alter which sites are easy to reach.
• Construction ends. Sites that suffered during work may look different once it is done.
• Buyers ask. Any buyer of highway-oriented land will ask about frontage and access.

Confirm the current status with TxDOT. The report was published in June 2025, and projects shift.

The garage at US 377 and Main Street

Community Impact reported (September 11, 2025) that the FY 2025-26 city budget includes a parking garage at US 377 and Main Street, with about $22 million in debt funds. The same report covered a city property tax rate of $0.326182 per $100 valuation, a $0.018 increase, and $18.6 million budgeted for hotel and convention center design east of City Hall.

For owners near Main Street, public parking spending signals the city expects more visitors downtown. It is a signal, not a forecast. The Oak Street guide covers the hotel project and the planning process behind it.

The property tax rate

The city's rate of $0.326182 per $100 valuation is one line of your bill. Appraised value, school taxes and other units matter as well. The Denton Central Appraisal District holds the parcel record for Roanoke properties in Denton County. Pull it before you talk price with any buyer.

School growth as retail demand context

Community Impact reported (May 2026) the following from the Northwest ISD demographics report:

• Northwest ISD added nearly 820 students from 2024-25 to 2025-26.
• Zonda projects nearly 35,600 students by 2030-31.
• 71 active subdivisions, about 1,070 homes under construction and more than 5,900 lots.
• 2,950 rental units under construction, with nearly 5,000 more in planning.

These numbers cover the district, not Roanoke alone. They show household growth in the area. They do not prove demand for any single retail space. A grocery-anchored strip and a drive-through pad need different support, and no source here measures either.

Pad sites, strips and land

Each property type on the corridor sells on different facts.

Pad sites

Buyers look at frontage, access, ground lease potential and tenant credit. Without a signed tenant, the land story carries the price discussion.

Retail strips

Buyers look at lease terms and tenant mix. A strip with short remaining terms is a different asset than one with long terms. Provide the rent roll early.

Land

Buyers need zoning, utilities, flood status and access. Gather the survey and any title work before you list. See the land services page for how the broker handles these assignments.

If you own along the corridor

The widening, the garage and school growth all point the same way: people are arriving and the infrastructure is being built for them. That is a reason to understand your property's value, not a reason to assume a price.

For stabilized properties, the investment sales page explains the process. For industrial users and owners near the north end, read the Alliance industrial guide. For quarterly figures, see the Q2 2026 market report.

If you are ready to talk about a sale, sell my building takes the address and the basics. Daniel reviews what you sent and calls or emails you back using the contact you gave. The first step is a short call about the property.