4478 Marsalis Ave Dallas, TX 75216

This 93,351 square foot, multi-tenant retail shopping center presents a compelling value-add investment opportunity in Dallas, Texas. Located at 4478 S. Marsalis Ave, this fee-simple property boasts a 4.96-acre lot and comprises four single-story buildings, totaling 20 units. The center features a mix of tenants, including a Family Dollar, and offers significant upside potential through strategic property management and capital improvements. Built in 1954 with renovations completed in 2019-2020 (two units), the property includes 58,693 net rentable square feet and currently operates at 80% occupancy. The asking price is $2,700,000, representing a pro-forma cap rate of 9.76% and a pro-forma NOI of $263,434. The property benefits from excellent access to Interstate 35 and is conveniently located just twelve minutes from Downtown Dallas. Key features include a substantial asphalt parking lot, concrete and brick masonry construction with tilt walls and slab foundations, individual HVAC systems, and sub-metered utilities (electricity and water). Several month-to-month leases exist at below-market rates, presenting an immediate opportunity to increase revenue. The permitted zoning is commercial, and the APN is 00000482674000100. This established neighborhood center offers a strong foundation for growth and significant returns.