3101 Al Lipscomb Way, Dallas, TX

Listing agent Cameron Deptula

Listing office Davidson Bogel Real Estate c***@db2re.com Show Phone

Listing date Feb 19, 2025

Source Moodyscre

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Overview

This 26,530 SF retail strip center is located in Dallas, just south of Fair Park. The property presents a value-add opportunity with redevelopment potential, especially given its location in an Opportunity Zone. An adjacent 3.33-acre land site behind the building is potentially available. The property is anchored by Family Dollar, which occupies 54.82% of the space. There is significant lease repositioning potential, as 53.36% of tenants are on month-to-month leases, and 91.78% are on gross leases. Additionally, 21.49% of leases expire by the end of 2026. Current rental rates are below market at $7.68 PSF, offering revenue growth potential through lease repositioning to market rates. There is also potential for additional income through parking revenue, particularly during the Texas State Fair season.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

• Map
• Local Demand

City

Dallas

County

Collin

State

Texas

Longitude

-96.811

Latitude

32.8122

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FAQs

What type of property is this?

Strip mall - 26,530 SF retail strip center in Dallas for sale.

Where is this strip mall located?

The property is located at 3101 Al Lipscomb Way Dallas, TX.

What is the asking price?

The asking price for this property is $4,000,000.

What are key features of this property?

This property features: Cash‑flowing retail strip center in Dallas, near Fair Park.; Rare Opportunity Zone investment with redevelopment potential, option to acquire adjacent land.; Anchored by credit tenant Family Dollar.