17950 Preston Rd Dallas, TX 75252-5793
- Office buildings
- 317,164 SF
- 6.29 lot acres
Current Use by Public Records
- Preston Plaza Surgery Center: Cooley Steven W MD / Medical Center
- Applied Organization Dynamics / Psychologist
- International American University (Headquarters) / University
- Julie A. Mederos / Attorney
- Dr. Murthy Chamarthy / Radiologist / Practitioner Service Location
Property Details for 17950 Preston Rd
- Year built
- 1985
- Lot size
- 6.29 lot acres
- Property size
- 317,164 SF
- Zone code
- RT
- Property type
- Office buildings
- APN
- R-1865-00J-0010-1
- APU
- R186500J00101
Description
This exceptional 10-story, Class A medical office building, Preston Plaza, presents a compelling value-add investment opportunity. Located in Dallas, Texas, at the prominent intersection of Preston and Frankford Roads in Collin County (zip code 75252), this 259,009 square foot property sits on a 6.29-acre lot and boasts a 36% occupancy rate. Built in 1986 and extensively renovated in 2020, the building features a modern design with floor-to-ceiling windows offering sweeping views. Amenities include a structured parking garage with 591 spaces and nearly 362 surface spaces (a 3.71 spaces per 1,000 square feet ratio), a conference center, food service, fitness facilities, and tenant lounges. The modified lease type and multi-tenancy structure offer flexibility. The property's prime location provides immediate walkability to over 40 restaurants, two country clubs, various shopping destinations, and a high-density residential area. The building's size allows for a variety of tenant sizes, from full floors to smaller suites, making it ideal for medical, dental, and quasi-retail uses. Currently bank-owned and offered as-is, this property presents a unique chance to capitalize on its potential and rebrand it as a premier office asset in North Dallas. The high traffic count of approximately 78,000 cars daily on Preston Road further enhances its visibility and desirability. This is a bank-owned foreclosure.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $1,045,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Collin
- State
- Texas
- Longitude
- -96.7976
- Latitude
- 32.9964
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
