214-274-8707
4211 Gaston Ave, Dallas, TX for Sale
Commercial LAND - FOR SALE
1/13
14,985 SF

4211 Gaston Ave
Dallas, TX 75246
Old East Dallas


HIGHLIGHTS

  • Quickly redeveloping neighborhood with over 4,600 new multifamily units
  • Close proximity to Downtown Dallas, Deep Ellum and Baylor University Medical Center
  • Easily configurable space can be converted to accommodate retail storefronts
  • ±10,500 square foot pad site which has strong visibility and excellent access
  • Easy access to major thoroughfares
  • High traffic counts and strong demographics

OVERVIEW

SLJ Company, LLC (“SLJ”) has been exclusively retained to offer this vacant 4-Unit condo complex and adjacent ±10,500 square foot infill pad site on Gaston Ave. Located just east of Central Expy. (Hwy 75), the Property enjoys a rapidly redeveloping infill location, improving demographics and easy access to Downtown Dallas, Uptown and Knox/Henderson. The subject property consists of approximately 23,356 square feet of land improved with a two story building, located at the rear of the property, having a footprint of approximately 5,300 square feet (60.3 feet deep by approximately 87.9 feet wide). The building is currently configured as four (4) individual units, each containing ±1,300 square feet of space on the first floor, 2 bedrooms, 2 bathrooms, and ±450 square feet of second floor living space. The upstairs space could be used as office and/or additional storage. Although the building was originally designed as loft condominiums, it can easily and economically (±$12,000) be converted to retail/office use by removing the four existing, double garage doors on the front of each unit, and replacing them with storefronts, resulting in four rental spaces, each containing approximately 1,750 square feet. Assuming that the building was so converted and rented for $20 per square foot, NNN, based, it would generate Net Operating Income of approximately $140,000 per year. In addition to the foregoing, there is an existing ±10,500 square foot pad site on the front of the property, which is augmented by existing drives and parking. Depending upon use, this pad site could accommodate between 3,500 and 4,000 square feet of additional retail/office space, or could be sold or ground leased

FOR SALE DETAILS

PRICE

Request Info for Price

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Gaston Avenue Condos & Pad Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial

LAND ACRES

0.34 AC

LAND SF

14,985 SF

OFFSITE IMPROVEMENTS

-

ZONING

PD 298 (Subarea 13)

APN/PARCEL ID

00000124108000000

ASK ABOUT THIS PROPERTY

Ty UnderwoodSLJ Company LLCMore Info
214-274-8707

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Ty UnderwoodSLJ Company LLCMore Info
214-274-8707

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