3101 Al Lipscomb Way, Dallas, TX 75215

Building Details

Year Built

1966

Listing agent Blake Schur License #788497

Listing office Davidson & Bogel Real Estate LLC Show Phone

Listing date Nov 19, 2024

Source Crexi

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

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Overview

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.

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.

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Location Insight

• Map
• Local Demand

City

Dallas

County

Collin

State

Texas

Longitude

-96.7608

Latitude

32.7516

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FAQs

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.