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5353 Alpha Rd - Infill Opportunity with Value-Add Potential 1.56 Acres of Commercial Land Offered at $6,061,000 CAD in Dallas, TX 75240
Investment Highlights
- Steps from Galleria Mall
- Affluent submarket w/ HH income +$100K
- Surrounded by new/proposed development
- Excellent Visibility
- Value-Add opportunity
- Easy Access to major thoroughfares
Executive Summary
Property Facts
| Price | $6,061,000 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.56 AC |
| Property Type | Land | ||
| Zoning | PD 887 - Commercial Retail Multufamily | ||
| Price | $6,061,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.56 AC |
| Zoning | PD 887 - Commercial Retail Multufamily |
1 Lot Available
Lot
| Price | $6,061,000 CAD | Lot Size | 1.56 AC |
| Price Per AC | $3,885,256.57 CAD |
| Price | $6,061,000 CAD |
| Price Per AC | $3,885,256.57 CAD |
| Lot Size | 1.56 AC |
The Galleria Mall area is positioned for significant growth as the redevelopment of the Dallas International District (formerly Valley View Mall) progresses, paving the way for exciting new developments.
Description
The property is currently zoned to allow office, retail or multifamily use, offering a range of development options. A developer can immediately begin a first phase of development on approximately one acre, while evaluating the office building acreage as a potential second phase. Alternatively, the office building can be repositioned with a light cosmetic update to align rents with market rates and achieve greater returns.
Property Taxes
| Parcel Number | 007004000A11A0000 | Improvements Assessment | $837,079 CAD |
| Land Assessment | $1,014,060 CAD | Total Assessment | $1,851,138 CAD |
Property Taxes
Presented by
5353 Alpha Rd - Infill Opportunity with Value-Add Potential
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