Dallas Retail for Lease - Central Expressway
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
