725 3rd Ave Dallas, TX 75226

Property Details for 725 3rd Ave

Year built

1954

Construction

TILT-UP CONCRETE

Lot size

2.48 lot acres

Property size

54,135 SF

Zone code

Z239

Property type

Warehouses

Property subtype

Self storage facilities

APN

127662000000

APU

127662000000

Description

This exceptional 4.87-acre commercial, industrial, and residential land parcel in Dallas, Texas, presents a unique investment opportunity. Located in the heart of Dallas, near Fair Park, this property boasts a prime location with easy access to major highways including I-30, I-45, and Highway 75. Currently 100% occupied, the site includes approximately 72,518 square feet of existing industrial and office space generating a Pro-Forma NOI of $755,659. The property is zoned PD-595 RS-I(E) and offers significant redevelopment potential, with approximately 2.5 acres of infill land suitable for various uses. Situated within a designated Opportunity Zone, this investment provides long-term tax incentives. The surrounding area shows strong demographics, with a high concentration of residents, businesses, and employees within a 3-5 mile radius, and boasts average household incomes exceeding $100,000. This covered land play offers flexibility for immediate development or continued cash flow until redevelopment, with all leases including a 6-month landlord termination option. The property's size and location make it one of the largest redevelopment sites in the market, with adjacent lots available for expansion. This is a rare chance to acquire a significant land holding in a rapidly growing area of Dallas, benefiting from the ongoing Fair Park revitalization plan and significant city investment.