972-419-4093
5353 Alpha Rd, Dallas, TX for Sale
Office - FOR SALE
1/4
null | Request Cap Rate

5353 Alpha Rd
Dallas, TX 75240
Dallas Midtown


HIGHLIGHTS

  • Urban Infill Opportunity With Value-Add Near Galleria Mall
  • ±0.4 Miles to Dallas North Tollway, and ±0.7 Miles to I-635

OVERVIEW

Henry S. Miller is pleased to present this outstanding ±1.5-acre site, which includes an income generating ±12,000 SF office building in a high-demand, high-density submarket. The property is currently zoned to allow office, retail or multifamily use, offering a range of development options. A developer can immediately begin a first phase of development on approximately one acre, while evaluating the office building acreage as a potential second phase. Alternatively, the office building can be repositioned with a light cosmetic update to align rents with market rates and achieve greater returns. The vibrant Galleria Mall area is positioned for significant growth as the redevelopment of the Dallas International District (formerly Valley View Mall)progresses, paving the way for exciting new development. The site is surrounded by a diverse mix of modern apartments, boutiques, shopping centers, and restaurants, catering to a wide range of tastes. With its prime location, excellent visibility, and strong walkability, the area offers substantial potential for a variety of development opportunities.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,389 SF

ZONING

PD 887

APN/PARCEL ID

007004000A11A0000

ASK ABOUT THIS PROPERTY

Lane KommerHenry S. MillerMore Info
972-419-4093

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Lane KommerHenry S. MillerMore Info
972-419-4093

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