2040 Empire Central Dr Dallas, TX 75235

Property Details for 2040 Empire Central Dr

Year built

1969

Lot size

1.75 lot acres

Property size

15,876 SF

Property type

Office Properties & Spaces

Property subtype

Office space

Description

This exceptional 15,876 square foot office building, situated on a 1.75-acre lot in Dallas, Texas, presents a unique investment opportunity. Built in 1969 and renovated in 2018, the property boasts a Class B designation and is currently vacant, with an occupancy date of October 31, 2024. The single-story building features 49 parking spaces on-site, with an additional 24 spaces available in a paved lot on the property. The property is zoned Industrial Research (IR), allowing for research and development, light industrial, office, and supporting commercial uses. Its prime location within the rapidly growing Dallas Medical District offers unparalleled access to major employment centers, including the Clements Hospital and the soon-to-be-completed Texas Behavioral Health Center. The area is experiencing significant investment and development, fueled by a $5 billion Pediatric Medical Campus currently under construction. The property's proximity to the Mockingbird Lane commercial corridor, featuring numerous retail establishments and a new hotel, further enhances its appeal. The property is also within the Maple/Mockingbird TIF District, benefiting from over $18 million in available funds until 2033. This presents a compelling "covered-land" opportunity for investors and end-users alike, given the high barrier to entry in this desirable urban infill location. The property's APN is 00000430730000000. The address is 2040 Empire Central Drive, Dallas, TX 75235.

Location Insight

City

Dallas

County

Dallas

State

Texas

Longitude

-96.8529

Latitude

32.827