A rare opportunity to acquire a strategically located urban infill development site in one of Dallas's most active redevelopment corridors. The site is located within a federally designated Qualified Opportunity Zone. An investment made through a Qualified Opportunity Fund and held for at least 10 years may be eligible for elimination of federal capital gains tax on the appreciation of that investment. The property was previously permit-approved for an approximately 20-unit residential development, demonstrating that the building envelope, parking configuration, site access, and overall development concept successfully completed the City's review process. The site offers exceptional flexibility for today's market. A developer may elect to utilize the previously established development framework, or redesign the floor plans, unit mix, and overall product type to better align with current market demand, subject to City approval. The property is also situated within approximately one-half mile of DART light rail. Under current City of Dallas parking regulations, minimum parking requirements may be reduced or may not apply to sites in proximity to transit. This property is well suited for developers, builders, family offices, and investment groups seeking a high-density residential opportunity with meaningful pre-development value already in place.
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.