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4315 Terry St - 4315 Terry St Dallas 1.17 Acres of Commercial Land Offered at $4,789,400 CAD in Dallas, TX 75223
Investment Highlights
- ±1.1718 acres (±51,045 SF)
- 281’ frontage on Peak St
- Flat, cleared, unimproved site
- 175’ frontage on Terry St
- Secondary paved access via 509 Ann St
- Utilities available at the street
Executive Summary
Zoning & Development Parameters
- Multifamily potential supported under Texas S.B. 840
- S.B. 840 Sec. 249.102(ii) allows up to 45 feet in height
- Under existing CR zoning, height allowance is up to 54 feet (4 stories)
- No Opportunity Zone designation
The combination of statutory height allowances and established multifamily activity in the submarket positions this tract for efficient mid-rise development.
Market & Transaction Activity
Multifamily demand in the immediate area has been validated by recent sales activity, with seven multifamily properties built after 2000 trading within the past two years, containing up to 40 units per property. These transactions demonstrate investor appetite and rental viability for boutique- to mid-scale infill product.
Traffic & Accessibility
According to the TxDOT Traffic Count Map (2024 data):
- Peak Street (between Willow St & East Side Ave): 10,065 VPD
- IH-30 at Fitzhugh Ave: 187,533 VPD
Immediate proximity to IH-30 provides rapid connectivity to Downtown Dallas, major employment centers, and regional transportation corridors—enhancing both leasing velocity and long-term asset liquidity.
Investment Opportunity - Optimal
Surrounded primarily by light industrial uses yet benefiting from growing residential presence, this site offers a strategic opportunity to introduce new multifamily density in an infill location with demonstrated transaction velocity and strong traffic exposure.
For developers seeking scalable urban infill product with 4-story height potential and strong accessibility fundamentals, 4315 Terry St represents a rare acquisition opportunity in a supply-constrained pocket of Dallas.
Property Facts
1 Lot Available
Lot
| Price | $4,789,400 CAD | Lot Size | 1.17 AC |
| Price Per AC | $4,087,184.79 CAD |
| Price | $4,789,400 CAD |
| Price Per AC | $4,087,184.79 CAD |
| Lot Size | 1.17 AC |
Approx. 175 feet of frontage on Terry Street and 281 feet along Peak Street, with secondary access via 509 Ann Street. The site is flat, cleared, unimproved, and utilities are available. No portion of the property lies within a flood zone.
Description
Located just north of Interstate 30 and immediately east of Downtown Dallas, this ±1.1718-acre infill tract presents a high-visibility multifamily development opportunity in a corridor experiencing continued residential momentum. The property offers approximately 175 feet of frontage on Terry Street and 281 feet along Peak Street, with secondary paved access via 509 Ann Street. The dual frontage and additional access point provide exceptional flexibility for site planning, parking configuration, and construction logistics. The site is flat, cleared, unimproved, and utilities are available at the street. No portion of the property lies within a flood zone.
Presented by
4315 Terry St - 4315 Terry St Dallas
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