205 Patton Ave Dallas, TX 75203
- Commercial real estate
- 44,450 SF
- 1.98 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 205 Patton Ave
- Lot size
- 1.98 lot acres
- Property size
- 44,450 SF
- Property type
- Commercial real estate
Description
This exceptional 60-unit multifamily investment opportunity is situated on a 1.98-acre lot at 205 E. Davis & 321 N. Patton Ave, Dallas, TX 75203. The property boasts a total of 44,450 square feet and is zoned PD 468 (WMU-5). Ideally located in the vibrant Bishop Arts District of North Oak Cliff, this property benefits from its proximity to downtown Dallas (just five minutes away) and is immersed in a thriving community. The Bishop Arts District is renowned for its eclectic mix of over 60 boutiques, restaurants, bars, coffee shops, theaters, and art galleries, creating a vibrant and highly desirable residential environment. This unique neighborhood offers residents a blend of historical charm, diverse culinary options ranging from Texas BBQ to Vietnamese Pho, and a lively nightlife scene. Cultural attractions include the Texas Theatre and the Kessler Theater, showcasing cult films and live music respectively. The area's independent businesses and colorful street art contribute to its distinctive character and appeal, making it an attractive location for renters. This property presents a compelling investment opportunity in a high-demand area with strong potential for rental income and appreciation. The property's size and unit count offer significant scale, while its location within the Bishop Arts District ensures consistent tenant demand. This is a rare chance to acquire a substantial multifamily asset in one of Dallas' most sought-after neighborhoods.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Dallas
- State
- Texas
- Longitude
- -96.8204
- Latitude
- 32.7502
