774-200-1191
2616 Commerce St, Dallas, TX for Sale
Storefront - FOR SALE
1/10
null | Request Cap Rate

2616 Commerce St
Dallas, TX 75226
Deep Ellum


HIGHLIGHTS

  • Attractive Seller Financing Available | Contact Brokers for Details
  • Prime Deep Ellum Asset | Located Adjacent to The Stack at Deep Ellum
  • 15,869-SF Multi-Story Asset | Features a 4,984-SF Roof Deck | Situated on 0.24-AC
  • Two Income-Producing Billboards Included | On-Site Parking Spaces Included
  • Mixed-Use Space Allows for Potential Of?ce, Retail, Event Center, & Live/Work
  • Zoned PD-269 (Tract A) | Located in a Quali?ed Opportunity Zone

OVERVIEW

Marcus & Millichap is pleased to present 2616 Commerce, a 15,869-square-foot asset located in the heart of the Deep Ellum neighborhood of Dallas, Texas. The subject property is proximate to the new Stack and Epic vertical mixed-use developments. The asset located at 2616 Commerce Street provides an investor or owner/user the incredible opportunity to be centrally located in Dallas' most popular and eclectic urban submarket. Deep Ellum features 60-plus restaurants, 50-plus bars, 25-plus live music and art venues, 30-plus shops and galleries, ?ve craft breweries, and 100-plus painted murals throughout the district. Currently, the asset is being used as an event center which hosts various awards, parties, wedding ceremonies, etc. and rents parking from the adjacent lot owned by the city of Dallas. The asset also features two income-producing billboards on-site. The versatile asset and favorable zoning provides an incredible opportunity to serve multiple different uses including event center, retail, of?ce, and live/work. In addition, 4,984-square-foot rooftop deck allows for phenomenal views of downtown Dallas. Vertical development continues to drive greater density in Deep Ellum. Just a few blocks away is the newly constructed Epic development, featuring a 250,000-square-foot of?ce building, a 310-unit apartment building, a 164-key hotel, and 42,000 square feet of retail. The Stack at Deep Ellum is located adjacent to the subject property and features 16-stories of mixed-use, comprised of 215,000 square feet of Class AA of?ce and 15,000 square feet of retail. The Assembly, a new development coming from Sterling Bay is scheduled to deliver 412,000 square feet of of?ce and ground ?oor retail is also located just a few blocks north. The subject property is within walking distance to local shops and restaurants, and over 30 live music venues, while being within close proximity to the Dallas Area Rapid Transit (D.A.R.T.) train system. Also, directly to the east, is Baylor Medical Center, including their new 300,000 square-foot of?ce development, and Texas A&M School of Dentistry. The average household income exceeds $117,000 within a one-mile radius of the subject property. Overall, 2616 Commerce, provides a new investor or owner/user the opportunity to be a part of the city of one of most progressive neighborhoods in the city of Dallas, from thriving small businesses to massive scale development projects. With close proximity to multiple new developments, the 15,869-square-foot asset, allows a new owner the opportunity to be strongly positioned to capture the rising rents and property values in this immediate submarket.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2616 Commerce Event Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

Regional Retail

APN/PARCEL ID

00000103867000000

ASK ABOUT THIS PROPERTY

Joe SantelliMarcus & MillichapMore Info
774-200-1191

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Joe SantelliMarcus & MillichapMore Info
774-200-1191

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