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Executive Summary

The Cedars West area immediately southwest of Downtown Dallas is a prime area for investment and immediate use. It is close to the new Kay Bailey Hutchison Convention Center (KBHCC) under construction. The KBHCC size will increase from 1.6 Million Sq. Ft. to about 2.1 Million when finished in 2030. 1119 S. RIVERFRONT BLVD enjoys easy ingress and egress with Interstate Highway 35East going north and south and with Interstate Highway 30 going east and west. 1119 S. RIVERFRONT could be a world class business headquarters or similar assemblage.
There are several other major public projects underway in the immediate area. These include the following:
- Complete reconstruction of IH 30 "Canyon" from IH 35E on the west to IH 45 on the east;
- Complete reconstruction of Riverfront Boulevard from Dallas County Center Justice Way north of Commerce Street south to Cadiz Street at IH35/IH30;
- Three new bridges on Cadiz Street and S. Riverfront Boulevard over the Trinity River Meanders which is planned and funded for Dallas Water Commons.
Once Riverfront Boulevard and Cadiz Street are completed the area will look very different with increased local traffic returning.
“Location, Location, Location” is described as being of major importance in real estate.
The ingress and egress to the Interstate Highway system are outstanding in all directions for 1119 S. RIVERFRONT BLVD: IH 30 eastbound and westbound; IH 35E northbound and southbound. Additionally, Riverfront, Cadiz and Hotel streets provide easy access to KBHCC, Downtown Dallas, and neighborhoods on both sides of the Trinity River Dallas Floodway. This Property is well positioned with outstanding views in all directions and visibility from the traveling public plus an outstanding view of the Trinity River Dallas Floodway Greenspace.
The private sector has taken notice as well. Most recently the European wellness company Therme Group began efforts here in early 2025. Together with Matthews Development, which owns over 60 acres of Cedars West land, the European firm is planning a 30.78 acre Therme Spa Wellness Center on S. Riverfront. In August 2026 the Dallas City Plan Commission voted to recommend a revised Planned Development District to create Therme Spa.
Today the property is priced for immediate sale. Now is a good time to purchase this property and bring a project online at the same time as the completion of the major projects in the area. All of these improvements are likely to cause substantially increased property prices, and one should not overlook the importance of this inner-city area even at the present time. The KBHCC was the International Media Center for the 2026 FIFA World Cup with nine football matches here even while the area construction activities were underway. The famous Longhorn Ballroom entertainment center is at S. Riverfront and Corinth Street in Cedars West. Additionally, a portion of the Matthews land remains the Dallas Station Location for the proposed Dallas/Houston High Speed Rail Project, and Matthews is the lead on the public/private Dallas Water Commons Project to be constructed along the Meanders of the Old Trinity River connecting with Therme Spa.
1119 S. RIVERFRONT BLVD currently consists of three old industrial buildings built in the 1940s that might be put to interim use. These might include artist, sculpture, and showroom design workspace; rustic entertainment, music, restaurant/bar; exercise and recreation activities; pet related activities and services; ... For decades the property was operating as Industrial Electric Equipment Company, which has been closed in recent years. This property has been in this same ownership for decades and is available for purchase as a whole only. One might be able to assemble additional land or develop in conjunction with other property owners in the block. Inquire as to price and details about 1119 S. RIVERFRONT BLVD and the area.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Multifamily
Total Lot Size 1.13 AC
Opportunity Zone Yes
Zoning Planned Development #784 - Trinity River Corridor Special Purpose District - Cedars West Subarea. This District allows for numerous uses with regulations.

1 Lot Available

Lot

Lot Size 1.13 AC

This large property of 49,343+- Sq. Ft. consists of one parcel of 9,788+- SF of land at 1119 S. Riverfront Blvd and six adjoining parcels to the rear of 39,555+-SF of land being 1106-1128 Rock Island St. offered as a unit in The Cedars West.

Description

The Riverfront Boulevard Corridor parallels and is east of the Trinity River Dallas Floodway with Downtown Dallas to the east. 1119 S. RIVERFRONT and others in PD 784 along with PD 800 comprise "The Cedars West." The most well-known current Cedars West activity is The Longhorn Ballroom at S. Riverfront and Corinth Street. The KBH Convention Center and Dallas County Criminal Justice Center are nearby. Matthews Development, f/k/a Matthews Southwest, owns much of Cedars West with several announced development plans. These include the Dallas Water Commons, a public/private use of the old Trinity River Meander channel and ponds with $11.25 Million in City of Dallas Bond Funds (currently on hold); the recently announced 30.78-acres resort and hotel Austria-based Therme Group spa with a possible $850 Million investment; the Dallas Station for the Dallas/Houston High Speed Rail if that is revived. Hidden in plain sight are other two other activities of note: (1) An entity associated with Unique Chateaus of Dallas has quietly rebuilt the interior of old buildings into residences on the opposite of S. Riverfront Blvd. backing to the old river meanders. These at 1208-1212 S. Riverfront have great views of the Downtown skyline and are offered for over $2 Million each. No one traveling along Riverfront would know such exist. (2) An experienced multi-family developer from the Washington, DC area, Petra Development owns the vacant corner of S. Riverfront at Dearborn Street close to IH 35E. It has obtained permission from Dallas City Council for a 200-unit mid-rise apartment.

Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 00000721903000000
  • 00000721966000000
  • 00000721963000000
  • 00000721954000000
  • 00000721957000000
  • 00000721960000000
Land Assessment
$888,929 CAD
Improvements Assessment
$2,372,536 CAD
Total Assessment
$3,261,465 CAD
  • Listing ID: 38285426

  • Date on Market: 2025-10-31

  • Last Updated:

  • Address: 1119 S Riverfront Blvd, Dallas, TX 75207

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