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Investment Highlights

  • Redevelopment Area
  • Spacious 4800 square foot structure presents an ideal base for redevelopment plans, perfect for office or multi-family use.
  • Several other developments taking place currently

Executive Summary

Discover the potential of this rare 16,000 square foot lot nestled in the heart of East Dallas, boasting an existing 4800 square foot dwelling ripe for transformation.
Perfectly positioned for redevelopment, this property is currently in the process of re-zoning to Multifamily, promising enhanced profitability and strategic growth.
Location: Situated in sought-after East Dallas, renowned for its vibrant community and rapid development.
Lot Size: Generous 16,000 square foot lot providing ample space for a multifamily project.
Existing Dwelling: Spacious 4800 square foot structure presents an ideal base for redevelopment plans, perfect for office or multi-family use.
Development Potential: Pending re-zoning to Multifamily, unlocking significant value and maximizing ROI.
Strategic Investment: Ideal for investors seeking to capitalize on East Dallas' burgeoning real estate market and high demand for multifamily housing.
Explore the possibilities of this multifamily development opportunity poised for exponential growth and prosperity in East Dallas. Contact us today to schedule a viewing and secure your position in one of Dallas' most dynamic neighborhoods.

Property Facts

Price $2,171,399 CAD
Price Per Unit $361,900 CAD
Sale Type Investment
Sale Condition Redevelopment Project
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Multifamily Manufactured Housing Mobile Home Park
  • Office Office Residential
Apartment Style Townhome
Building Class C
Lot Size 0.37 AC
Building Size 16,000 SF
No. Stories 2
Year Built 1916
Parking Ratio 0.06/1,000 SF
Zoning Office/Multifam - Previously zoned as MultFam, then converted to office. Currently working with the city of Dallas to convert back to Multi-Fam to maximize opportunity

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Range
  • Tub/Shower
Very walkable
80/100
Exceptionally drivable
90/100
Some public transit
50/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
00000126265000000
Land Assessment
$551,468 CAD
Improvements Assessment
$208,303 CAD
Total Assessment
$759,771 CAD
  • Listing ID: 32161006

  • Date on Market: 2024-06-17

  • Last Updated:

  • Address: 4532 Columbia Ave, Dallas, TX 75226

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