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2909 Canton St

5,755 SF Vacant Industrial Building Dallas, TX 75226 $2,750,000 ($478/SF) 6% Cap Rate

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Investment Highlights

Equipped with handicap amenities.
High ceilings and loft-feel with exposed brick walls.

Located in one of Dallas's 15 designated opportunity zones.

Executive Summary

This one story, commercial building & parking lot is in the heart of vibrant Deep Ellum near the corner of Canton & Malcom X. The majority of the building is used as a gym with large training area, lobby, front desk, private office & separate locker rooms for men & women. The remaining portion is currently leased to a Modern Medical Spa. The property comes with fourteen on-site parking spaces in addition to street parking. Building is well suited for a gym, art gallery, law office, architect studio or other small business. The 7-story Indie Deep Ellum apartments were just completed across the street adding hundreds of apartments, coffee shop, salon & functional training studio. Adding density is the main focus of the majority of Developers working in Deep Ellum with many new multi-family apartments planned for the neighborhood. This property is located in one of Dallas's 15 designated opportunity zones.

Property Facts

Price	$2,750,000	Rentable Building Area	5,755 SF
Price Per SF	$478	No. Stories	1
Sale Type	Investment or Owner User	Year Built	1948
Cap Rate	6%	Parking Ratio	2.43/1,000 SF
Property Type	Industrial	Clear Ceiling Height	16 FT
Property Subtype	Warehouse General Retail Freestanding General Retail Storefront Retail/Office OfficeLoft Creative Space	Cross Streets	Malcom X
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	0.29 AC

Price	$2,750,000
Price Per SF	$478
Sale Type	Investment or Owner User
Cap Rate	6%
Property Type	Industrial
Property Subtype	Warehouse General Retail Freestanding General Retail Storefront Retail/Office OfficeLoft Creative Space
Building Class	C
Lot Size	0.29 AC
Rentable Building Area	5,755 SF
No. Stories	1
Year Built	1948
Parking Ratio	2.43/1,000 SF
Clear Ceiling Height	16 FT
Cross Streets	Malcom X
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.