Development Opportunity in The
2401 Hickory Street Dallas, TX 75215
For Sale
$1,499,900
Prime 8,400 SF lot in a high-growth urban corridor.
Property Size8,400 SF
Lot Size0.16 Acres
Price / SF$178.56
Days on Market96
Property Features for 2401 Hickory Street
General Information
- Standard status
- Active
- Size
- 8,400 SF
- Lot size
- 0.16 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1907
Listing Agency:
Duncan Real Estate Co.
(214) 476-8157
Listed By:
Ty Duncan · License #0693646
(214) 476-8157
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 26 at 5:09PM
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 Duncan Real Estate Co.
Investment Insights
Based on property information with market context.
Located in The Cedars Special Purpose Development District, 2401 Hickory Street presents a development opportunity. The approximately 8,400-square-foot lot is situated in a dynamic and rapidly evolving neighborhood, known for its eclectic mix of creative spaces. The location provides accessibility and visibility in a high-growth urban corridor, just minutes from Downtown Dallas, Deep Ellum, and major transportation corridors. The flexible zoning within PD-317 allows for a wide range of uses, including mixed-use, industrial, light manufacturing, multifamily, office, or boutique retail concepts. The property is situated within a designated Federal Opportunity Zone, offering tax incentives and investment advantages for qualifying projects. This location is suitable for positioning a project at the center of The Cedars' continued transformation.
Key Highlights
- Prime location in The Cedars, a rapidly evolving Dallas neighborhood.
- Located within a Federal Opportunity Zone, offering significant tax incentives.
- Flexible PD‑317 zoning allows for mixed‑use, industrial, multifamily, office, or retail development.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $202.6k | $24.12 |
| − Vacancy | −$9.5k | −$1.13 |
| EGI | $193.1k | $22.99 |
| − OpEx | −$57.9k | −$6.90 |
| NOI | $135.2k | $16.09 |
8,400 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Office B
$6.90M
$6.04M – $8.05M
NOI $482,927 @ 7.0% cap · market cap 32.20%
Second Best
Retail
$1.93M
$1.69M – $2.25M
NOI $135,160 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$10.08M
$8.82M – $11.76M
NOI $705,552 @ 7.0% cap · market cap 47.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
B & B Sign ...
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Commercial land - Prime 8,400 SF lot in a high-growth urban corridor.
Where is this commercial land located?
The property is located at 2401 Hickory Street Dallas, TX.
What is the asking price?
The asking price for this property is $1,499,900.
What are key features of this property?
This property features: Prime location in The Cedars, a rapidly evolving Dallas neighborhood.; Located within a Federal Opportunity Zone, offering significant tax incentives.; Flexible PD‑317 zoning allows for mixed‑use, industrial, multifamily, office, or retail development.
