5353 Alpha Rd - Infill Opportunity with Value-Add Potential 1.56 Acres of Commercial Land in Dallas, TX 75240
INVESTMENT HIGHLIGHTS
- Steps from Galleria Mall
- Affluent submarket w/ HH income +$100K
- Surrounded by new/proposed development
- Excellent Visibility
- Value-Add opportunity
- Easy Access to major thoroughfares
EXECUTIVE SUMMARY
Henry S. Miller is pleased to present this outstanding ±1.5-acre site, which includes an income generating ±12,000 SF office building in a high-demand, high-density submarket. The property is currently zoned to allow office, retail or multifamily use, offering a range of development options. A developer can immediately begin a first phase of development on approximately one acre, while evaluating the office building acreage as a potential second phase. Alternatively, the office building can be repositioned with a light cosmetic update to align rents with market rates and achieve greater returns.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Lot Size | 1.56 AC |
The Galleria Mall area is positioned for significant growth as the redevelopment of the Dallas International District (formerly Valley View Mall) progresses, paving the way for exciting new developments.
DESCRIPTION
The property is currently zoned to allow office, retail or multifamily use, offering a range of development options. A developer can immediately begin a first phase of development on approximately one acre, while evaluating the office building acreage as a potential second phase. Alternatively, the office building can be repositioned with a light cosmetic update to align rents with market rates and achieve greater returns.
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Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 007004000A11A0000 | Improvements Assessment | $820,810 |
| Land Assessment | $527,630 | Total Assessment | $1,348,440 |
