315 Main St Grand Prairie, TX 75050
- Retail space
- 11,380 SF
- 0.67 lot acres
Current Use by Public Records
- NAPA Auto Parts / Auto Parts Market / Car Repair And Maintenance Service
- Chiropractic Center of Grand Prairie / Chiropractor
- Dr. David Lowe - Chiropractic Center of Grand Prairie / Chiropractor / Practitioner Service Location
Property Details for 315 Main St
- Year built
- 1962
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.67 lot acres
- Property size
- 11,380 SF
- Zone code
- Z20
- Property type
- Retail space
- APN
- 28218500010140000
- APU
- 28218500010140000
Description
This exceptional investment opportunity presents a multi-tenant property ideally situated in the heart of Grand Prairie's downtown area. The property comprises two buildings totaling 6,516 square feet of net rentable space, currently 80% occupied by five tenants on month-to-month leases. Each tenant will receive a 60-day notice to vacate upon sale. The buildings, located at 307-313 and 315 West Main Street, boast convenient street-front parking and rear access drives. A nearby city parking lot provides additional parking convenience. The property also includes a separate 9,500 square foot lot situated at 500 N.W. Dolores Huerta, north of the County Courthouse. The combined land area encompasses 32,774 square feet. This prime location directly benefits from high visibility on Main Street and proximity to the Grand Prairie City Offices and the County Courthouse, ensuring consistent foot traffic and exposure. The property is zoned for a variety of uses within the planned downtown remodel, offering significant upside potential for future development. The asking price is $1,750,000, representing a price per square foot of $268.57. The current gross lease structure provides a stable income stream, with the potential for increased rental income once the property is fully leased at market rates. This is a rare opportunity to acquire a well-located, multi-tenant property in a rapidly developing downtown area. The sale includes the two buildings and the additional lot, offering a substantial land holding in a prime location. The property is offered free and clear.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $340,000
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Location Insight
- Map
- Local Demand
- City
- Grand Prairie
- County
- Dallas
- State
- Texas
- Longitude
- -97.0007
- Latitude
- 32.7453
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
