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    1601 Ervay St Dallas, TX 75215

    For Lease
    Contact for pricing

    Historic Dallas retail, multi-use opportunity

    Lot size:
    25,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional multi-use commercial property, located at 1601 S Ervay St in Dallas, Texas, 75215, presents a unique investment opportunity. The property boasts a total of 25,000 square feet across three buildings, each spanning two stories. Currently, the entire 25,000 square feet is available for lease, offering significant flexibility for a variety of commercial uses. Built in 1935, this historic property sits on a substantial 109,207 square foot lot, providing ample space for expansion or outdoor amenities. The buildings are configured to accommodate multiple tenants, with spaces ranging from approximately 2,430 square feet up to the entire 25,000 square foot footprint. The property is ideal for businesses seeking a prominent location in a vibrant Dallas neighborhood. Note that there are no elevators in the buildings. This is a rare chance to acquire a large, versatile commercial space in a highly desirable area of Dallas. The property's size and location make it suitable for a wide range of commercial ventures, from retail shops and restaurants to office spaces and creative studios. Contact us today to learn more about this exciting opportunity.

    Property Features for 1601 Ervay St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,000 SF

    Building Details

    Year Built
    1935
    Buildings
    3
    Stories
    2

    Unit(s) available at that property

    Space
    1601 S. Ervay
    Size
    25,000 SF
    Space
    1501 S. Ervay
    Size
    2,430 SF
    Space
    Metal Building Space
    Size
    7,755 SF

    HighLights

    • 25,000 SF multi‑use property on a 109,207 SF lot in Dallas, TX.
    • 1935‑built, three‑building complex with brick facades and block & tilt‑wall construction.
    • Located in The Cedars, a rapidly developing area south of Downtown Dallas.
    • The Cedars offers a vibrant mix of amenities including restaurants, entertainment, and art galleries.
    • Convenient access to DART's Blue Line (Cedars & Convention Center stations).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7892378
    Latitude
    32.7712957

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    FAQs

    What type of property is this?
    Retail property - Historic Dallas retail, multi-use opportunity
    Where is this retail property located?
    The property is located at 1601 Ervay St Dallas, TX.
    What are key features of this property?
    This property features: 25,000 SF multi-use property on a 109,207 SF lot in Dallas, TX.; 1935-built, three-building complex with brick facades and block & tilt-wall construction.; Located in The Cedars, a rapidly developing area south of Downtown Dallas.
    Request Owner's contact information
    1601 Ervay St Dallas, TX 75215
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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
    1601 Ervay St Dallas, TX 75215
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