Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1950
Sq.Footage
8,835
Building Specs: 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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block, Brick
-
Parking
Additional Parking
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.323
-
Property Type
Commercial Sale
-
Property Sub Type
Retail
Price
-
Sales Price
$1,400,000
-
Tax Amount
5209.0
-
Zoning
Commercial
-
Sq. Footage
8, 835
-
Price/SqFt
$158
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Foundation Details
Slab
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
5
-
Water Source
Public
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Location
County
Dallas
Elementary School
Middle School
High School
Listing Courtesy of Curt Anderson , CENTURY 21 Judge Fite Co.
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