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    3111 Monticello Ave Dallas, TX 75205

    Sponsored
    For Lease
    Contact for pricing

    0.28-acre commercial lot, ideal redevelopment.

    Lot size:
    12,108 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 0.28-acre commercial land parcel presents a rare redevelopment opportunity in Dallas' highly coveted Knox District, situated at the prominent corner of Monticello Avenue and McKinney Avenue. Boasting 12,108 square feet of land, this single-tenant property offers unparalleled visibility and accessibility. Its location provides prominent exposure along the US-75 access road, ensuring high traffic volume and brand recognition. Convenient on-site parking is available via access from Insurance Lane. The Knox District is renowned as one of Dallas' most walkable areas, featuring a vibrant mix of local and national retailers and restaurants. This prime location places the property in close proximity to a collection of best-in-class businesses, including Apple, Restoration Hardware, Weir's Furniture, Lululemon, and Crate & Barrel, solidifying its position within a thriving and desirable commercial environment. The property's size and location make it exceptionally well-suited for a variety of high-impact commercial developments, capitalizing on the area's strong demand and established reputation. Exclusive parking is provided for the property. The property is located in Dallas County, Texas, with a Dallas, TX 75205 zip code.

    Property Features for 3111 Monticello Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,108 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    12,108 SF

    HighLights

    • 28‑acre site, 12,108 square feet, ready for vertical construction.
    • Exclusive parking and valet service.
    Property Profile Location Intelligence

    Current Use by Public Records

    Katy Trail Beer ... Beer Hall Goodies Cakery Bakery Brian's Wine and More Wine Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7859142
    Latitude
    32.8268581

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    FAQs

    What type of property is this?
    Land - 0.28-acre commercial lot, ideal redevelopment.
    Where is this land located?
    The property is located at 3111 Monticello Ave Dallas, TX.
    What are key features of this property?
    This property features: 28-acre site, 12,108 square feet, ready for vertical construction.; Exclusive parking and valet service.;
    Request Owner's contact information
    3111 Monticello Ave Dallas, TX 75205
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    Dallas, TX 75205
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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
    3111 Monticello Ave Dallas, TX 75205
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