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Cliff Creek Crossing Dr - Mixed Use Land, NE Corner of IH-20 & US-67

13.04 Acres of Commercial Land Offered at $3,010,517 in Dallas, TX 75237

Investment Highlights

  • Great Freeway Exposure on Two Major Freeways
  • Across From Mall Redevelopment
  • E-mail Wayne.Burgdorf@svn.com for full PDF Brochure.
  • Located in 2022 QCT so Suited for 4% LIHTC if can Get through City of Dallas
  • Liberal Mixed Use Zoning

Executive Summary

For Sale: Mixed Use Land, NE Corner of IH-20 & US-67, Dallas. Next to Target anchored power center. Great exposure with 191K CPD on IH-20 & 104K CPD on US-67. It is also bounded on the north by Cliff Creek Crossing Drive and on the east by Kirnwood Drive, so has public streets on all 4 sides. The IH-20 frontage is currently getting a new service road constructed that will facilitate access and scheduled to be complete in 2025. This location is just across US-67 from Southwest Center Mall, which is under major redevelopment with newer office and multi-family uses. It is located in a QCT.
The property has 13 acres with a usable shape. It is generally level with few trees except for a bisection creek with some flood plain and trees on the west half of the site. It is zoned MU2 which is a high density mixed use development, but the city has not been open to LIHTC housing here but prefers market rate. It has wet utilities nearby. A deed restriction against multi-family exists, but can be removed by the city.
Pricing: $5.30/SF for all or half. E-mail for brochure.

Property Facts

Price $3,010,517
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Apartment Units
  • Self Storage
Total Lot Size 13.04 AC

1 Lot Available

Lot 1

Price $3,010,517
Price Per AC $230,868
Lot Size 13.04 AC

Description

The subject property is located in SW Dallas at the NEC of IH-20 & US-67. It is also bounded on the north by Cliff Creek Crossing Drive and on the east by Kirnwood Drive, so has public streets on all 4 sides. The IH-20 frontage is currently getting a new service road constructed that will facilitate access and scheduled to be completed in 2025. This location is just across US-67 from Southwest Center Mall, which is under major redevelopment with newer office and multi-family uses. It is located in a QCT. The property has 13 acres with a usable shape. It is generally level with few trees except for a bisection creek with some flood plain and trees on the west half of the site. It is zoned MU2 which is a high density mixed use development, but the city has not been open to LIHTC housing here but prefers market rate. It has wet utilities nearby. A deed restriction against multi-family exists, but can be removed by the city.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0069300A000040000
Land Assessment
$568,110
Improvements Assessment
$0
Total Assessment
$568,110

zoning

Zoning Code MU2 (Mixed Uses of Commercial and Multi-Family. City wants upscale MF.)
MU2 (Mixed Uses of Commercial and Multi-Family. City wants upscale MF.)
  • Listing ID: 14030617

  • Date on Market: 10/10/2018

  • Last Updated:

  • Address: Cliff Creek Crossing Dr, Dallas, TX 75237

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