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Property profile & analytics
OFF-MARKET
Turn key restaurants

2016 Ervay St Dallas, TX 75215

2,125 SF 0.16 ac lot Built 1955
Individually Owned 10-yr Hold Absentee Owner Free & Clear
Property ID
US82-4469792
Property summary
AI-generated overview

This exceptional 66,799 square foot land parcel presents a unique investment opportunity in Dallas, Texas. Located at the intersection of Corinth Street and Ervay Street, in the heart of Dallas County, zip code 75215, this property is zoned PD 317 (Subdistrict 2) Mixed Use Corridors, offering significant development potential. The site's strategic location is poised to benefit from substantial infrastructure improvements, including enhanced connectivity to the future high-speed rail station, Trinity Strand Trail, and Loop Trail via planned hike and bike trails, pedestrian bridges, and streetcar access. This area is targeted for revitalization, addressing a critical need for green space and community resources in underserved neighborhoods. The property's proximity to planned improvements and the potential for positive community impact makes this a compelling investment for developers seeking to contribute to the city's growth while addressing social and environmental needs. The site's size and zoning allow for a wide range of development possibilities, from residential to commercial, potentially including retail, healthcare, or educational facilities. This is a chance to be part of a transformative project in a rapidly evolving area of Dallas. The property includes multiple addresses: 2016 S Ervay St, 1709 Corinth St, and 1800 Lear St, all within the 75215 zip code. This prime location offers unparalleled potential for significant return on investment.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1955
Construction TILT-UP CONCRETE
Total area 2,125 SF
Lot 0.16 ac (6,810 SF)
Zoning code Z239
APN 133684000000
UPID US82-4469792
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Sandy G Vasquez · 10 yrs held
Sandy G Vasquez
since 2016
1 recorded transaction
2016
Price N/A
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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