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Investment Highlights
- Five-story building with mid-century modern architecture and flexible floor plans.
- Includes adjacent land parcels for parking or future development.
- Existing rooftop leases and JPMorganChase tenancy provide income potential.
- Returned to shell condition, ready for adaptive reuse or redevelopment.
- Located in a revitalizing district near Garland’s emerging downtown.
- Excellent visibility and accessibility from major corridors in Garland.
Executive Summary
The Draper at 111 South Garland Avenue presents a rare opportunity to acquire a boutique office building with historic significance in the heart of Garland, Texas. This five-story property offers a total of 39,159 square feet and sits on 2.45 acres across multiple parcels, providing flexibility for future development. The building has been returned to shell condition, creating a blank canvas for adaptive reuse as boutique hotel, urban apartments, or owner-occupied office space.
The property benefits from a mid-century modern design that allows for abundant natural light and open floor plans, with typical floor plates of approximately 5,956 square feet. The first floor is well-suited for retail, food and beverage, or entertainment uses, while the upper floors offer panoramic views of the surrounding area. Existing rooftop leases and a long-term tenant in JPMorganChase provide immediate income potential.
Located in a dynamic area undergoing revitalization, The Draper is positioned to capitalize on Garland’s resurgence, including a vibrant downtown and city-backed growth initiatives. Adjacent land parcels offer additional parking or development options, enhancing the property’s long-term value. This is an exceptional investment for buyers seeking a versatile asset in a growing market.
The property benefits from a mid-century modern design that allows for abundant natural light and open floor plans, with typical floor plates of approximately 5,956 square feet. The first floor is well-suited for retail, food and beverage, or entertainment uses, while the upper floors offer panoramic views of the surrounding area. Existing rooftop leases and a long-term tenant in JPMorganChase provide immediate income potential.
Located in a dynamic area undergoing revitalization, The Draper is positioned to capitalize on Garland’s resurgence, including a vibrant downtown and city-backed growth initiatives. Adjacent land parcels offer additional parking or development options, enhancing the property’s long-term value. This is an exceptional investment for buyers seeking a versatile asset in a growing market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
39,159 SF
Building Class
B
Year Built
1967
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
7,785 SF
Slab To Slab
10’
Building FAR
0.20
Lot Size
4.58 AC
Zoning
CA/A
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 65015618210230000 | Improvements Assessment | $1,702,177 CAD |
| Land Assessment | $347,757 CAD | Total Assessment | $2,049,934 CAD |
Property Taxes
Parcel Number
65015618210230000
Land Assessment
$347,757 CAD
Improvements Assessment
$1,702,177 CAD
Total Assessment
$2,049,934 CAD
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The Draper | 111 S Garland Ave
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