Commercial Retail Land with
For Sale
$315,000
4118 Colonial Avenue, Dallas, TX 75215
SINGLE_FAMILY - Dallas, TX
Lot Size0.41 Acres
Days on Market137
Property Features for 4118 Colonial Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning description
Commercial
Subdivision
Colonial
Directions
GPS
Standard status
Active
APN
00000162274000000
Lot size
0.41 Acres
Taxes and HOA fees
Tax Description
COLONIAL BLK F/1606 PT LTS 3 & 4
Tax Annual Amount
2249
Legal Description
COLONIAL BLK F/1606 PT LTS 3 & 4
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1965
Floors in Building
1
Number of units
2
Flooring type
Concrete
Building materials
Brick, Frame, Concrete
Roof type
Flat
Listing Agency:
Keller Williams Central · Keller Williams Realty
(469) 467-7755
Listed By:
Sahereh Shahroudi · License #0715277
(469) 467-7755
Added: Mar 17
Changed: Jun 2
Last Checked: Jul 30 at 11:06PM
MLS# 20754154
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercially zoned retail land parcel can be divided into several smaller commercial retail spaces, supporting flexible use for multiple operators or concepts. The site includes a large parking lot on Pine Street and a smaller parking lot on Colonial Ave, providing on-site parking to serve customers and tenants. At approximately 0.408 acres, the property offers a practical foundation for retail redevelopment with room for configuration based on the final tenant mix.
Located at 4118 Colonial Avenue in Dallas, the property sits between the $250 million redevelopment project along the US-175 SM Wright Freeway & Lamar St corridors. The surrounding area offers close proximity to established local destinations, with access to The Cotton Bowl, Deep Elum, the Dallas Farmers Market, and the Texas State Fair within minutes. This combination of redevelopment investment and nearby retail and event draw positions the site for future-oriented buyers.
For investors and developers, the ability to subdivide can help maximize value by tailoring space to a range of retail users. For prospective operators seeking retail space on a parcel that supports multiple tenants, the existing parking infrastructure can simplify early planning for customer access. Owner financing is also available with 15–20% down, providing an additional pathway to acquisition.
Located at 4118 Colonial Avenue in Dallas, the property sits between the $250 million redevelopment project along the US-175 SM Wright Freeway & Lamar St corridors. The surrounding area offers close proximity to established local destinations, with access to The Cotton Bowl, Deep Elum, the Dallas Farmers Market, and the Texas State Fair within minutes. This combination of redevelopment investment and nearby retail and event draw positions the site for future-oriented buyers.
For investors and developers, the ability to subdivide can help maximize value by tailoring space to a range of retail users. For prospective operators seeking retail space on a parcel that supports multiple tenants, the existing parking infrastructure can simplify early planning for customer access. Owner financing is also available with 15–20% down, providing an additional pathway to acquisition.
Key Highlights
- Commercial retail zoning allows the property to be divided into several small retail spaces
- Large parking lot on Pine Street plus an additional smaller parking lot on Colonial Ave
- Year built 1965 with brick, frame, and concrete construction and flat roof
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Explore this area
Business Placement
Demographics for 75215, TX
18,806
Population
8,481
Households
2.2
Avg Household Size
37
Median Age
17%
College-Educated
73%
High-School Grad
7.7 sq mi
ZIP Area
2,442
Density / Sq Mi
$41,388
Median Household Income
$34,114
Median Earnings
$1,209
Median Rent
$137,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Zoned for commercial retail and designed for flexible division, supported by two parking lots for convenient customer access.
Where is this commercial land located?
The property is located at 4118 Colonial Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Commercial retail zoning allows the property to be divided into several small retail spaces; Large parking lot on Pine Street plus an additional smaller parking lot on Colonial Ave; Year built 1965 with brick, frame, and concrete construction and flat roof
