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    1515 8Th St Dallas, TX 75203

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    For Sale
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    Prime Dallas development opportunity. MF zoning, near major projects.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 4.32-acre commercial land parcel in Dallas, Texas, presents a unique investment opportunity. Located at 1515 E 8th St, Dallas, TX 75203, the property is zoned MF - 2(A), allowing for a variety of multi-family development possibilities. The site's strategic location places it within proximity to a significant, multi-billion dollar urban revitalization project. This initiative includes substantial infrastructure improvements, expansions to a major zoo, and projected economic development exceeding hundreds of millions of dollars. Construction on this large-scale project is anticipated to begin in 2024 and conclude in 2029, encompassing a 2.5 million square foot expansion plan. The project's scope includes 800,000 square feet of exhibit space, 300,000 square feet of breakout space, and a 160,000 square foot ballroom. This presents a compelling opportunity for developers seeking to capitalize on the anticipated growth and increased demand driven by this transformative urban renewal effort. The property's size and zoning provide significant flexibility for a range of development projects, making it an attractive investment for long-term growth and potential high returns.

    Property Features for 1515 8Th St

    General Information

    Property type
    Land
    Lot Size
    188,179 SF

    HighLights

    • $2 Billion Total Project Cost
    • 2.5 Million Square Foot Expansion Planned
    • Construction Start: 2024, Completion: 2029
    • 800,000 SF Exhibit Space, 300,000 SF Breakout Space, 160,000 SF Ballroom
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.801574
    Latitude
    32.750714

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    FAQs

    What type of property is this?
    Land - Prime Dallas development opportunity. MF zoning, near major projects.
    Where is this land located?
    The property is located at 1515 8Th St Dallas, TX.
    What are key features of this property?
    This property features: $2 Billion Total Project Cost; 2.5 Million Square Foot Expansion Planned; Construction Start: 2024, Completion: 2029
    Request Owner's contact information
    1515 8Th St Dallas, TX 75203
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    Dallas, TX 75203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1515 8Th St Dallas, TX 75203
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