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510 W Commerce St Dallas, TX 75208

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For Sale
$3,550,000

Redevelopment opportunity with existing income in Dallas, Texas.

Property size:
13,550 SF
Lot size:
1.68 Acres

Property Features for 510 W Commerce St

General Information

Size
13,550 SF
Lot size
1.68 Acres

Source: SRS Real Estate Partners - Corporate Agent Daniel Poku

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


Overview

Dallas Redevelopment Opportunity with Income

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 Insight Report Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Dallas
County
Collin
State
Texas
Longitude
-96.831565
Latitude
32.772753

FAQs

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.
More about this property
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