506 12Th St Dallas, TX 75208
This exceptional investment opportunity presents a combined 0.209-acre (9,113 sq ft) corner lot encompassing two parcels: 506 W 12th Street and 500 W 12th Street, in the desirable Dallas, Texas, 75208 zip code. The property boasts convenient access from W. 12th Street and S. Adams Avenue, with a back alley providing additional access. Zoned PD316, allowing for a variety of uses including residential, multi-family, office, mixed-use (medium density), commercial, and business services, this versatile lot offers limitless potential for development. Its prime location places it minutes from the vibrant Bishop Arts District, the upcoming Southern Gateway Park, and the Dallas Zoo, while also providing easy access to Downtown Dallas. The property's strategic corner location and flexible zoning make it an ideal choice for developers seeking a high-impact project in a rapidly growing area. Detailed site plans and zoning information are available upon request. The asking price for this combined lot is $260,000. Directions: Take exit 425 from I-35E, travel west on W Twelfth St for 0.5 miles. Then turn left on S. Adams St. The property is on the corner.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.