UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 8,835 sqft
Price per Sqft $158
Subdivision Sunset Hill
MLS Listing ID 20895412
Total Fin. Sqft 8835
Year Built 1950
Annual Tax Amount $5,209
Lot Size 0.323 Acres
Acres 0.323
Lot Dimensions .31 ac
Property Sub-Type Retail
Property Description
Rare opportunity on South Hampton Rd in Dallas, TX. Nice 8,636 sqft building with the front showroom and rear warehouse showroom combining for 5,278 on the first floor with an upper floor(3,358 sqft) for additional showroom or warehouse storage area. Ceiling height clears 20' and it's Currently zoned as Commercial – Retail Trade, with Potential use as a furniture sales store, church, or multiple use retail building. Building sits on a “Hard Corner” 14,070 sqft lot with 22 parking spaces, 1 loading dock and 256' of frontage to S. Hampton Rd and Gladstone Dr.
The building was last renovated in 2007. The Interior Showroom is about 2000 sqft with tile flooring and could be converted into formal office spaces, leaving the remaining space as an existing warehouse or storage.
Area Opportunity:
Location is in the Medium HH Income area just 8.2 miles from Dallas Love Field and about 4 miles from Downtown Dallas and on the DART bus route. Building is Just south of W. Davis St. and I-30 highway.
Investment Opportunity:
Market area lease rates are going for $16 to $19 psf, which could put this as a 7% CAP if leased out for $17.50 with NNN. The CoStar Peer report is showing Commercial sales at $234 psf and we're only listed at $162.11 per sqft. Area also has a robust gentrification going on nearby.
Location
State TX
County Dallas
Zoning Commercial
Direction GPS will get you there.
Interior
Heating Central
Cooling Central Air
Flooring Ceramic Tile
Heat Source Central
Exterior
Utilities Available All Weather Road, Cable Available, City Sewer, City Water, Concrete, Curbs, Individual Gas Meter, Individual Water Meter, Phone Available, Sewer Available, Sidewalk
Roof Type Flat
Garage No
Building
Foundation Slab
Structure Type Block,Brick
Others
Ownership on record
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20895412
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As a resident of the Lakewood/East Dallas community Marissa can provide personal insight into our neighborhood. As a native of Dallas, Marissa attended SMU to obtain her business degree from the Cox School of Business, after 10 years in corporate America her experience in negotiating with International firms transfers directly into her real estate business. High Integrity, honesty, and a passion for people make working with Marissa a delight. As a by-referral realtor Marissa is 100% committed to you and your real estate goals. Marissa has extensive sales knowledge in various areas of the metroplex including, but not limited to Lakewood, Preston Hollow, Park Cities, Hollywood Heights, M Streets, and Lake Highlands.