1878 Royal Ln - Warehouse FOR SALE


Dallas, TX 75229- Koreatown/Gribble
$2,747,000 USD
817-670-9839
1878 Royal Ln, Dallas, TX for Sale
$2,747,000 USD
Warehouse - FOR SALE
1/13
null | Request Cap Rate

1878 Royal Ln
Dallas, TX 75229
Koreatown/Gribble


HIGHLIGHTS

  • 1878 Royal Lane is an exceptional offer for owner/users looking to expand or establish a new footprint in a dynamic commercial corridor in Dallas.
  • Excellent visibility from Royal Lane, with quick access to Interstate 635, Interstate 35E, and Luna Road, and near logistic hubs such as DFW and DAL.
  • 3 miles from Las Cosalinas and 4 miles from Farmers Branch, amenity-rich nodes sprawling with eateries, shopping districts, and entertainment options.
  • Residents have average household incomes exceeding $107,000 and offer a skilled labor pool, with more than half holding a bachelor’s degree or higher.

OVERVIEW

1878 Royal Lane is a 13,400-square-foot building ideal for office, showroom, retail, and warehouse use, in the heart of the Industrial Research District (IR) of Dallas. Also known as The Promise Building, this fully paved site is partially fenced with secure outdoor storage and features two grade-level doors. Owners with a retail storefront gain strong visibility along Royal Lane, with exposure to 15,300 vehicles per day. In addition, significant traffic generators encompass Royal Lane, including H-Mart, Komart, QT, Kings Spa, Luna Vista Golf, ICR, and Gas Monkey. 1878 Royal Lane enjoys a strategic location, centrally situated between major DFW Metroplex thoroughfares, including Interstates 635 and 35E and Luna Road. Seamlessly facilitate logistics through Dallas Fort Worth International Airport (DFW), only 10 miles away, or Dallas Love Field Airport (DAL), 9 miles away. The Promise Building is close to Las Colinas and Farmers Branch, home to top-rated retailers like Whole Foods, Kroger, Target, Whataburger, Chipotle, CVS, Planet Fitness, and many more. Leverage the outstanding demographics within a 3-mile radius, with an average household income of $107,828, and annual consumer spending at a total of $1,045,931,923. Owners seeking to hire local labor have a highly educated workforce at their doorstep, with 53% of residents in the 3-mile radius holding a bachelor’s degree or higher.

FOR SALE DETAILS

PRICE

$2,747,000 USD

PRICE/SF

$205 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

The Promise Building

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Auto Dealership, Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.73

LAND SF

31,799

ZONING

IR

APN/PARCEL ID

00000807733000000

ASK ABOUT THIS PROPERTY

Grant BoyceBBE Phoenix Fund, LPMore Info
817-670-9839

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Grant BoyceBBE Phoenix Fund, LPMore Info
817-670-9839

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.