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Restaurant Conversion Opportunity 3516 Ross Ave 3,163 SF of Retail Space Available in Dallas, TX 75204
HIGHLIGHTS
- Landlord will convert space for new restaurants, including a grease trap, upgraded electrical, plumbing, and ventilation, est. delivery in 7 weeks.
- Superior parking capacity compared to other Ross Avenue properties, ensuring tenant and visitor convenience.
- Restaurant or high-end retail use permitted by-right.
- 2-6 minutes to Uptown, Downtown, Old East Dallas, US 75, and Deep Ellum. Additionally, the property has an excellent Walk Score of 87 (Very Walkable).
- Impressive demographics with an affluent avg. HH income at $126K, median age of 33, $617M of spending/yr, and a daytime pop. of 83,335 (1-mi radius).
- Benefitting from outstanding visibility and frontage (25,000+ VPD), plus adjacency to 1,500+ apartment units at 90% occupancy.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,163 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Former gym space that the landlord will fully convert for restaurant use, which is permitted by right. New features can include a grease trap, upgraded electrical, plumbing, vent hoods, and more, with a seven-week estimated delivery.
- Fully Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
- Space is in Excellent Condition
- Freezer Space
- Plug & Play
- Ventilation - Venting
- To be Upgraded with Full Commercial Kitchen
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
MATTERPORT 3D TOUR
3,163SF – Prime Restaurant Property
SITE PLAN
PROPERTY FACTS
| Total Space Available | 3,163 SF | Year Built/Renovated | 1966/2010 |
| Property Type | Retail | Parking Ratio | 6.64/1,000 SF |
| Property Subtype | Freestanding | Cross Streets | Villars Street |
| Gross Leasable Area | 3,163 SF |
| Total Space Available | 3,163 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 3,163 SF |
| Year Built/Renovated | 1966/2010 |
| Parking Ratio | 6.64/1,000 SF |
| Cross Streets | Villars Street |
ABOUT THE PROPERTY
PRIME RESTAURANT SPACE ON ROSS AVE – 3,163 SF – AVAILABLE NOW Situated in the heart of East Dallas on Ross Avenue, this 3,163-SF restaurant-ready space offers a rare opportunity to plant a flag in one of the city’s most dynamic and rapidly evolving corridors. 3516 Ross Avenue was most recently used as a gym and retains excellent interior finishes that allow for F&B users to easily take over. The landlord will convert this for new restaurant users with full commercial kitchen features like vent hoods, a grease trap, new plumbing, and more. The construction turnaround is estimated to be seven weeks. With direct access to Dallas’ premier cultural and entertainment anchors—Winspear Opera House, AT&T Performing Arts Center, Dallas Museum of Art—and major employers like Goldman Sachs, PwC, and KPMG, this property sits at the intersection of live, work, and play energy. Ross Avenue is one of East Dallas’ most important commercial corridors, offering seamless access to Downtown, Uptown, Deep Ellum, Knox-Henderson, Lower Greenville, and surrounding East Dallas neighborhoods. The site has ample parking and sees over 25,000 vehicles per day, making it ideal for a destination restaurant or concept looking to capitalize on visibility and accessibility. But what truly sets this location apart is the dense, affluent, and growing immediate population—thousands of high-income residents live within walking distance, and the 1- and 3-mile demographics support meaningful long-term tenant success. Surrounded by Class A multifamily buildings and minutes from several of Dallas’ most active urban districts, this stretch of Ross Avenue is already proven: nearby restaurants like Ebar ($2.5M+ alcohol sales TTM), Colombian Club ($2.7M+ alc. sales TTM), and Rodeo Cold (tracking ~$1.9M since winter 2024) are thriving. The area continues to evolve rapidly, fueled by two game-changing developments bringing even more density and foot traffic to the doorstep. The $445 million redevelopment of the 42-story Cityplace Tower will bring 970 residential units, new ground-floor commercial, and a hotel to the site. Phase one, The Apron, includes six 8-story buildings totaling 465 apartments, a pool, amenities, and an improved streetscape. Phase two will convert 27 floors of vacant office into residential, with 8 floors reimagined as a hotel and 5 floors retained as office—creating a high-impact, mixed-use environment just minutes from the property. Meanwhile, just to the west, The Central by De La Vega is transforming 16 acres into a massive mixed-use campus with 2,000 multifamily units, 2.5 million square feet of office, and 110,000 square feet of retail. The first phase, The Oliver, a 19-story multifamily tower, is already complete and leasing, with additional phases expected to drastically increase both daytime working population and surrounding residential demand. • 3,163 SF Prime Restaurant Space – Available Now • Ample Parking • Located on Ross Avenue – East Dallas' Premier Commercial Corridor o 25,000+ VPD o Easy access to Downtown, Uptown, Deep Ellum, Knox-Henderson, East Dallas • Permitted by-Right – Ideal for Restaurant Use • Surrounded by Thousands of Class A Multifamily Units • Incredible Restaurant Sales Nearby – eBar, Colombian Club, Rodeo Cold • Dense & Wealthy Demographics o 1-Mile: 35,876 pop | $126K avg HH income | 83,335 daytime pop o 3-Mile: 194,399 pop | $140K avg HH income | 332,838 daytime pop o 5-Mile: 385,862 pop | $139K avg HH income | 587,598 daytime pop • Projected Growth: 40K+ pop in 1-mile by 2029 • Major Developments Fueling the Trade Area: o Cityplace Tower Redevelopment ($445M) - 970 new residential units - The Apron (465 apartments + commercial + pool/amenities) - 27 floors of rental condos, 8 floors of hotel, 5 floors of office o The Central by De La Vega (16 Acres) - 2,000 MF units - 2.5M SF office - 110K SF retail - Oliver Tower (19-story multifamily) complete and leasing • Core, Infill Dallas Location – Land trading at $300/SF+ • Walkable to Veranda II, Icon at Ross, Macallan, The Academic, Hall Street Flats, and more
MARKETING BROCHURE
DEMOGRAPHICS
Demographics
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Alice | Asian | $$$$ | 5 min walk |
| Fiction Coffee | Cafe | $ | 5 min walk |
| Republic Ranch | - | $$ | 8 min walk |
| Xoxo Dining Room | American | - | 8 min walk |
| Jack In The Box | - | - | 9 min walk |
| Starbucks | Cafe | $ | 11 min walk |
| Loro Asian Smokehouse & Bar | Barbecue | $$$ | 11 min walk |
| Schlotzsky's | Bakery | - | 14 min walk |
RETAIL |
||
|---|---|---|
| CityVet | Animal Care/Groom | 7 min walk |
| 7-Eleven | Convenience Market | 8 min walk |
| Cvs Pharmacy | Drug Store | 10 min walk |
| Cross Fit | Fitness | 11 min walk |
| Tom Thumb | Supermarket | 14 min walk |
| Comet Cleaners | Cleaners | 14 min walk |
| Walmart Neighborhood Market | Supermarket | 15 min walk |
HOTELS |
|
|---|---|
| element |
151 rooms
3 min drive
|
| Canopy by Hilton |
150 rooms
4 min drive
|
| JW Marriott |
267 rooms
4 min drive
|
| Kimpton |
165 rooms
4 min drive
|
| Crowne Plaza |
291 rooms
5 min drive
|
| Sheraton Hotel |
1,841 rooms
4 min drive
|
LEASING TEAM
LEASING TEAM
Oliver Steinberg, Brokerage
With a personal background in public and real estate investment. Oliver joined The Retail Connection as an intern both in the summer of 2020 and the summer of 2022 and has transitioned to an Analyst for the brokerage team.
Oliver graduated Cum Laude from the College of Charleston, earning his Bachelor of Science Degrees in Finance and Commercial Real Estate Finance with a Minor in Jewish Studies. Additionally, he received membership to the Alpha Sigma Gamma International Real Estate Society.
Oliver was a member of the Beatty School of Business non-endowed Investment Program Society, where he served as the cohort’s economist, participating in public and private investment activities. He also served his college campus as the Interfraternity Council President. While living in Charleston, Oliver also taught the 5th grade class at KKBE religious school. Oliver is a native of Dallas and is happy to be back; he graduated from Greenhill School.
Outside the office, you can catch Oliver on the golf course or playing pickleball. He is also an avid Dallas Cowboys fan and a foodie and maintains a food blog of his favorite eats wherever he goes.
Jaxx Hatton, Analyst
Jaxx earned his bachelor’s degree in Finance with a specialization in Real Estate from Southern Methodist University. While at SMU, he interned with Lee Lewis Construction as an estimator, where he gained valuable hands-on experience and discovered his passion for a career in brokerage.
A Dallas native, Jaxx attended Trinity Christian Academy, where he played baseball, before heading to Highland Park to continue his education at SMU.
A fun fact about Jaxx: many of the veteran brokers at TRC know his dad, Bervin, a well-respected figure in the DFW brokerage community who has clearly passed down his strong relationship-building skills.
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Restaurant Conversion Opportunity | 3516 Ross Ave
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