Dallas Redevelopment Opportunity with Income

510 W Commerce St, Dallas, TX

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For Sale

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Redevelopment opportunity with existing income in Dallas, Texas.

Type:INDUSTRIAL

Property size:

13,550 SF

Lot size:

1.68 Acres

Price / SF:

$261/SF

HighLights

Premier redevelopment opportunity in the heart of Dallas, Texas, with PD zoning allowing for multifamily or townhome development.
Existing absolute NNN retail tenancy provides stable interim income during the planning and entitlement phase with over 8 years remaining on the lease.
Secure cash flow with zero landlord responsibilities under the absolute NNN lease structure.
Annual rent escalations and FMV adjustments offer protection against inflation and strengthen interim cash flow.
Strategically positioned property in a dynamic urban corridor with thriving residential market demand.
Fee‑simple interest (land and building ownership) included in the offering.

We can help!

Listing Contact

Daniel Poku

For Sale

Contact for pricing

Redevelopment opportunity with existing income in Dallas, Texas.

Type:INDUSTRIAL

Property size:

13,550 SF

Lot size:

1.68 Acres

Price / SF:

$261/SF

Added:: May 2, 2025
Days on Market:: 410
Last Refresh:: May 20 at 9:33 pm

Property Features for 510 W Commerce St

General Information

Standard status: Active
Size: 13,550 SF
Lot size: 1.68 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

Daniel Poku

Listing agent Daniel Poku License #TX 644631

Listing office SRS Real Estate Partners - Corporate

Listing date May 2, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners - Corporate

HighLights

Premier redevelopment opportunity in the heart of Dallas, Texas, with PD zoning allowing for multifamily or townhome development.
Existing absolute NNN retail tenancy provides stable interim income during the planning and entitlement phase with over 8 years remaining on the lease.
Secure cash flow with zero landlord responsibilities under the absolute NNN lease structure.
Annual rent escalations and FMV adjustments offer protection against inflation and strengthen interim cash flow.
Strategically positioned property in a dynamic urban corridor with thriving residential market demand.
Fee‑simple interest (land and building ownership) included in the offering.

Overview

This property presents a redevelopment opportunity in Dallas, Texas. The offering includes fee-simple interest in a strategically positioned property with an existing absolute NNN retail tenancy, providing stable interim income during the planning and entitlement phase. The property's PD zoning designation accommodates multifamily or townhome development. Investors and developers have the opportunity to capitalize on the residential market demand in this urban corridor due to the flexible zoning. Investors benefit from secure cash flow with zero landlord responsibilities under an absolute NNN lease structure, currently featuring more than 8 years remaining and additional renewal options. Annual rent escalations and FMV adjustments strengthen interim cash flow and offer protection against inflation, providing an attractive holding scenario during the entitlement and pre-development period. The property size is 13550 square feet. This offering represents a covered land play, ideal for developers seeking to capture long-term value through residential redevelopment in one of Dallas’s sought-after neighborhoods.

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Dallas
County: Collin
State: Texas
Longitude: -96.8316
Latitude: 32.7728

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For sale
Commercial land
TX
Dallas
510 W Commerce St

What type of property is this?

Commercial land - Redevelopment opportunity with existing income in Dallas, Texas.

Where is this commercial land located?

The property is located at 510 W Commerce St Dallas, TX.

What is the asking price?

The asking price for this property is $3,550,000.

What are key features of this property?

This property features: Premier redevelopment opportunity in the heart of Dallas, Texas, with PD zoning allowing for multifamily or townhome development.; Existing absolute NNN retail tenancy provides stable interim income during the planning and entitlement phase with over 8 years remaining on the lease.; Secure cash flow with zero landlord responsibilities under the absolute NNN lease structure.

510 W Commerce St, Dallas, TX

Redevelopment opportunity with existing income in Dallas, Texas.

Property Features for 510 W Commerce St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Commercial Property with Yard Access

High-Traffic Convenience Retail Store

Mixed-Use Commercial Property with Two Units

Former Church Redevelopment Facility

Church Campus with Fellowship Facilities

Multifamily Investment Property

Two-Unit Duplex in Dallas

Medical Office Condo with Highway Frontage

Freestanding Medical Office Building

Flex Space with Grade-Level Roll-Up

Modern Duplex With Dual Primary Suites

Two-Unit Duplex With Private Yards

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