2616 Commerce St Dallas, TX 75226
- Strip malls
- 8,528 SF
- 0.24 lot acres
Current Use by Public Records
- Paid Public Parking / Parking Lot
- The Penthouse / Event Venue
- Mickey Redmond Co. Inc. / Professional Services
- Integrity Booking / Entertainment Agency / Service Establishment
- 2616 Commerce Event Center / Event Venue / Wedding Venue
Property Details for 2616 Commerce St
- Year built
- 1946
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.24 lot acres
- Property size
- 8,528 SF
- Zone code
- Z239
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 103867000000
- APU
- 103867000000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $485,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $680,000
- 6.5%
- $680,000
- 7%
- $675,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $620,000
- Geo Method
- $660,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $710,000
- Retail
- $555,000
- Mixed-Use
- $565,000
- Hospitality
- $705,000
- Educational
- $560,000
- Residential Income
- $645,000
- Energy
- $560,000
- Income-Based Land
- $635,000
- Food Service
- $685,000
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Dallas
- State
- Texas
- Longitude
- -96.7853
- Latitude
- 32.7825
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
