405 Exposition Ave Dallas, TX 75226

This exceptional 0.155-acre lot at 405 Exposition Ave, Dallas, TX 75226, presents a fully entitled opportunity to develop a 20-unit multifamily project in the vibrant Deep Ellum neighborhood. Located within the Deep Ellum Public Improvement District (PID), this prime location offers unparalleled access to Dallas's thriving downtown, Uptown, and major highways. The property's zoning (PD 269) allows for immediate construction, eliminating lengthy permitting delays. Benefit from the significant tax advantages of its Opportunity Zone designation, further enhancing the project's financial appeal. Surrounded by affluent neighborhoods with an average household income exceeding $120,000 within a three-mile radius, this development promises strong rental demand. The area's robust job market, with over 132,000 new jobs added in the past year (a 3.3% annual increase), fuels this demand, making this a compelling investment opportunity. The asking price is $1,749,000, translating to a land value of $228.85 per square foot. Capitalize on the surging population growth in the Dallas-Fort Worth Metroplex and the increasing demand for housing in this dynamic area. This is a rare chance to build a thriving multifamily community in one of Dallas's most sought-after locations. The property's strategic position within a rapidly developing area, combined with its fully approved plans and advantageous tax incentives, makes it an ideal investment for discerning developers.