701 Commerce St - Office FOR SALE


Dallas, TX 75202- West End
$9,000,000 USD
713-955-0012
701 Commerce St, Dallas, TX for Sale
$9,000,000 USD
Office - FOR SALE
1/12
null | Request Cap Rate

701 Commerce St
Dallas, TX 75202
West End


HIGHLIGHTS

  • The property offers exceptional versatility in its design and zoning, making it ideal for future hotel use.
  • Developers have several concept options to explore, including luxury, lifestyle, upscale, boutique, or micro-hotel models, to suit market demands.
  • While the interior has undergone extensive renovations, the historic character of the Katy Building has been meticulously preserved.
  • For the financial analysis, HVS has projected 75 guestrooms, based on an assumed building allocation of 750 square feet per guestroom.
  • State Tax Benefit: A 25% tax credit on qualified rehabilitation expenditures, applicable to projects exceeding $5,000 in costs.
  • Federal Historic Tax Credit: A 20% tax credit on qualified rehabilitation expenditures on federal income tax (with no limit).

OVERVIEW

For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=151548 HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the exclusive opportunity to acquire the Katy Building, a historic Beaux-Arts architectural gem located at 701 Commerce Street. This distinguished property, perfectly positioned for redevelopment into a hotel, offers immense potential for future use. Located in Dallas’s West End Historic District, the property enjoys a prestigious position directly opposite the John F. Kennedy Memorial Plaza.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/SF

$156 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown Dallas Hotel Conversion Opportunity

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

8

BUILDING CLASS

B

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

Central Area District 1

APN/PARCEL ID

00000100243000000

ASK ABOUT THIS PROPERTY

713-955-0012

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

713-955-0012

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