510 W Commerce St Dallas, TX
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Redevelopment opportunity with existing income in Dallas, Texas.
Type:INDUSTRIAL
Property size:
13,550 SFLot size:
1.68 AcresPrice / SF:
$261/SF- Added:
- May 2, 2025
- Days on Market:
- 364
- Last Refresh:
- Apr 5 at 9:38 pm
Property Features for 510 W Commerce St
General Information
- Standard status
- Active
- Size
- 13,550 SF
- Lot size
- 1.68 Acres
- Property subtype
- INDUSTRIAL
Listing agent Daniel Poku License #TX 644631 (214) 560-3294
Listing office SRS Real Estate Partners - Corporate (214) 560-3294
Listing date May 2, 2025
Source Moodyscre
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 SRS Real Estate Partners - Corporate
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
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Collin
- State
- Texas
- Longitude
- -96.8316
- Latitude
- 32.7728
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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.
