501 2nd Ave Dallas, TX 75226-1900
- Showrooms
- 13,144 SF
- 1.58 lot acres
Current Use by Public Records
- Alexis with Harmony | Sleep Consulting and Newborn Education / Daycare Center / Foster Care Service
- Harmony Baby Concierge / Daycare Center / Foster Care Service
- Hickory Street Annex / Wedding Service
- TEAL Systems / Big Box & Wholesale Store / (Bike/Boat/Book/etc) Store
Property Details for 501 2nd Ave
- Year built
- 1922
- Construction
- FRAME
- Lot size
- 1.58 lot acres
- Property size
- 13,144 SF
- Zone code
- Z239
- Property type
- Showrooms
- APN
- 129037000000
- APU
- 129037000000
Description
This exceptional 2,600-square-foot executive office space, located at 501 S Second Ave, Dallas, TX 75226, is situated within the historic Hickory Street Annex near Fair Park. Part of a larger 20,000-square-foot building, this single-tenant unit (A-100) sits on a 1.57-acre lot (68,738 sq ft) and is zoned for office and showroom use. The space boasts impressive 22-foot ceilings and has recently undergone renovations, including the addition of two new restrooms, state-of-the-art AV equipment, and two private conference rooms. Three reserved parking spaces are included among the building's total of 42 spaces. A kegerator and some existing furniture are available, offering immediate occupancy potential. The space is perfect for creative agencies, legal professionals, designers, or businesses requiring a unique showroom setting. A three-year lease is available. Some existing office furniture and AV equipment may be available for purchase separately from the current tenant. This property presents a rare opportunity to establish a business in a truly distinctive and inspiring environment.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,890,000
- 6.5%
- $2,670,000
- 7%
- $2,480,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,888,000
Market price range: $745k - $3.34M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,995,000 Current use
- RESTAURANT
- $1,850,000 Change: -7% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Dallas
- State
- Texas
- Longitude
- -96.7727
- Latitude
- 32.7819
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA