Value-Add Strip Center
For Sale
Contact for pricing
3101 Al Lipscomb Way, Dallas, TX 75215
26,530 SF retail center in Dallas, 95% occupied.
Property Size26,530 SF
Lot Size1.96 Acres
Days on Market618
Property Features for 3101 Al Lipscomb Way
General Information
Standard status
Active
Size
26,530 SF
Lot size
1.96 Acres
Property subtype
Retail
Building Details
Year Built
1966
Listing Agency:
Davidson & Bogel Real Estate LLC
(214) 526-3626
Listed By:
Blake Schur · License #788497
Source:
Crexi
Added: Nov 19, 2024
Changed: Jul 6
Last Checked: Jul 30 at 3:56AM
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 Davidson & Bogel Real Estate LLC
Investment Insights
Based on property information with market context.
This 26,530 SF strip center, referred to as "The Property", is situated on 1.96 acres along Al Lipscomb Way in Dallas, Texas, south of Fair Park. The property is currently 95% occupied. Rental rates average $7.68 PSF, with most tenants on month-to-month or short-term leases. A high percentage (91.78%) of the property operates on gross or modified gross leases. The location offers high population densities, with over 143,220 residents within a three-mile radius and 372,418 within a five-mile radius. Household incomes exceed $120,383 and $126,868 within the same respective areas. The surrounding area includes multi-family, retail, office, and industrial properties, near Fair Park, Downtown Dallas, and Deep Ellum.
Key Highlights
- Value‑add opportunity with below‑market rental rates ($7.68 PSF) and short‑term leases, allowing for immediate revenue maximization.
- High‑growth, high‑barrier infill location in the heart of Dallas with excellent visibility and access.
- Strategically positioned near Fair Park, Downtown Dallas, and Deep Ellum.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
108k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 32%
Groceries 23%
Apparel 2%
Fiesta Mart
Groceries
24,408 visits/mo
0.4 miles
McDonald's
Dining
22,715 visits/mo
0.2 miles
Jack in the Box
Dining
14,108 visits/mo
0.3 miles
Bank of America
Shops & Services
9,166 visits/mo
0.4 miles
Golden Chick
Dining
9,019 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - 26,530 SF retail center in Dallas, 95% occupied.
Where is this shopping center located?
The property is located at 3101 Al Lipscomb Way Dallas, TX.
What are key features of this property?
This property features: Value‑add opportunity with below‑market rental rates ($7.68 PSF) and short‑term leases, allowing for immediate revenue maximization.; High‑growth, high‑barrier infill location in the heart of Dallas with excellent visibility and access.; Strategically positioned near Fair Park, Downtown Dallas, and Deep Ellum.
