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    2616 Commerce St Dallas, TX 75226

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    For Sale
    Contact for pricing

    15,869 SF, 3-unit building, prime location.

    Property size:
    15,869 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 15,869-square-foot mixed-use property, situated on a 0.24-acre lot in Dallas' vibrant Deep Ellum neighborhood, presents a unique investment opportunity. Built in 1946 and renovated in 2000, this three-story, one-building structure boasts a versatile floor plan currently operating as a successful event center. The property includes a substantial 4,984-square-foot rooftop deck offering stunning downtown views. Two income-producing billboards are also located on the site. The property benefits from on-site parking and is zoned PD-269. Its prime location offers easy access to the DART train system, numerous restaurants, shops, and live music venues. The surrounding area is experiencing significant growth, with nearby developments including the Epic and Stack projects, adding to the property's long-term value. The average household income within a one-mile radius exceeds $117,000. This property's flexible zoning allows for a variety of uses, including office, retail, event space, and live/work options, making it an ideal investment for owner-users or investors seeking a strong foothold in a rapidly developing area. The property is fee simple ownership.

    Property Features for 2616 Commerce St

    General Information

    Property type
    Individual retail properties
    Square Feet
    15,869 SF
    Lot Size
    10,454 SF

    Building Details

    Year Built/Renovated
    1946/2000
    Buildings
    1
    Stories
    3
    Units
    3

    HighLights

    • New Price Improvement! Contact brokers for details.
    • 15,869 SF multi‑story building with a 4,984 SF rooftop deck on a 0.24‑acre lot.
    • Currently operating as a successful event venue; business operations available for acquisition.
    • Includes two income‑producing billboards and on‑site parking.
    • Mixed‑use zoning allows for office, retail, event space, and live/work options.
    • Zoned PD‑269 (Tract A), located in a Qualified Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Paid Public Parking Parking Lot The Penthouse Event Venue Mickey Redmond Co. ... Professional Services Integrity Booking Entertainment Agency 2616 Commerce Event ... Wedding Venue

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.785613775886
    Latitude
    32.782760121508

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    FAQs

    What type of property is this?
    Individual retail property - 15,869 SF, 3-unit building, prime location.
    Where is this individual retail property located?
    The property is located at 2616 Commerce St Dallas, TX.
    What are key features of this property?
    This property features: New Price Improvement! Contact brokers for details.; 15,869 SF multi-story building with a 4,984 SF rooftop deck on a 0.24-acre lot.; Currently operating as a successful event venue; business operations available for acquisition.
    Request Owner's contact information
    2616 Commerce St Dallas, TX 75226
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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
    2616 Commerce St Dallas, TX 75226
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