1700 Ervay St Dallas, TX 75215-1258
- Distribution centers
- 65,266 SF
- 2.83 lot acres
Current Use by Public Records
- George E Anderson Co Inc North / Lighting Products Wholesaler / Electrical Products Wholesaler
- Namak Indian Cuisine / Indian Restaurant
- Hood Harmony Records / Music Management And Promotion
Property Details for 1700 Ervay St
- Year built
- 1964
- Construction
- TILT-UP CONCRETE
- Lot size
- 2.83 lot acres
- Property size
- 65,266 SF
- Zone code
- Z239
- Property type
- Distribution centers
- APN
- 110010000000
- APU
- 110010000000
Description
This exceptional 89,158-square-foot shopping center presents a rare opportunity in the heart of Dallas, Texas. Situated on a 2.83-acre lot at 1700 S Ervay St, zip code 75215, this property boasts a PD (317) zoning designation, allowing for a building maximum of 300 feet with no density restrictions. Currently generating $320,000 in annual gross income from month-to-month tenants, this asset offers significant upside potential. The location is highly desirable, within walking distance of the Dallas Farmers Market and a short distance from a planned deck park. Further enhancing its appeal is the proximity to a new, soon-to-break-ground (Q1 2023) multifamily development on the former Ambassador site. This premier urban infill opportunity zone development presents a compelling investment prospect with strong potential for future growth and appreciation. The property's size and zoning flexibility provide a blank canvas for redevelopment or repositioning, catering to a wide range of retail and commercial uses. This is a truly unique opportunity to acquire a high-performing asset in a rapidly evolving and dynamic urban location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Dallas
- State
- Texas
- Longitude
- -96.7874
- Latitude
- 32.771
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
