Located just north of Interstate 30 and immediately east of Downtown Dallas, this ±1.1718-acre infill tract presents a high-visibility multifamily development opportunity in a corridor experiencing continued residential momentum. Zoning & Development Parameters - Multifamily potential supported under Texas S.B. 840 - S.B. 840 Sec. 249.102(ii) allows up to 45 feet in height - Under existing CR zoning, height allowance is up to 54 feet (4 stories) - No Opportunity Zone designation The combination of statutory height allowances and established multifamily activity in the submarket positions this tract for efficient mid-rise development. Market & Transaction Activity Multifamily demand in the immediate area has been validated by recent sales activity, with seven multifamily properties built after 2000 trading within the past two years, containing up to 40 units per property. These transactions demonstrate investor appetite and rental viability for boutique- to mid-scale infill product. Traffic & Accessibility According to the TxDOT Traffic Count Map (2024 data): - Peak Street (between Willow St & East Side Ave): 10,065 VPD - IH-30 at Fitzhugh Ave: 187,533 VPD Immediate proximity to IH-30 provides rapid connectivity to Downtown Dallas, major employment centers, and regional transportation corridors—enhancing both leasing velocity and long-term asset liquidity. Investment Opportunity - Optimal Surrounded primarily by light industrial uses yet benefiting from growing residential presence, this site offers a strategic opportunity to introduce new multifamily density in an infill location with demonstrated transaction velocity and strong traffic exposure. For developers seeking scalable urban infill product with 4-story height potential and strong accessibility fundamentals, 4315 Terry St represents a rare acquisition opportunity in a supply-constrained pocket of Dallas.