302 Main StDuncanville, TX 75116

Property Details for 302 Main St

Year built

1955

Construction

TILT-UP CONCRETE

Lot size

0.38 AC

Property size (Sq ft)

9,499 SF

Zone code

Z27

Property type

Retail space

APN

22000500010080000

APU

22000500010080000

Description

This exceptional 12,661 square foot retail property, located at 302 N Main Street in Duncanville, Texas, presents a unique investment opportunity. Situated on a 0.38-acre lot in the heart of Historic Downtown Duncanville, this landmark building boasts unparalleled visibility along Main Street. For decades, it has served as a community anchor, witnessing and contributing to the growth of Duncanville and Southwest Dallas. The property's timeless elegance is evident in its architectural details, including a grand clock tower. Ample parking is available, complemented by prominent pylon and monument signage, ensuring maximum exposure for any business. The versatile space is suitable for a variety of uses, including retail, medical offices, general office space, or even a special events center. The property's prime location and historical significance offer significant redevelopment potential. Furthermore, economic incentives are available, making this an attractive proposition for discerning investors seeking a high-impact property in a thriving community. The asking price is $2,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,381,530

  6.5%

  $2,198,336

  7%

  $2,041,312

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,611,956

  Geo Method

  $7,166,642

• Alternative Use

  Use

  Valuation

  Residential

  $1,854,378

  Hospitality

  $1,698,601

  Educational

  $1,413,216

  Medical

  $1,461,818

  Retail

  $2,198,336

Location Insight

City

Duncanville

County

Dallas

State

Texas

Latitude

32.6539

Longitude

-96.9078

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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