2800 Commerce StDallas, TX 75226

  • Strip malls
  • 11,824 SF

Property Details for 2800 Commerce St

Year built
1954
Construction
TILT-UP CONCRETE
Lot size
0.29 AC
Property size (Sq ft)
11,824 SF
Zone code
Z239
Property type
Strip malls
Property subtype
Neighborhood centers
APN
103951000000
APU
103951000000

Description

This exceptional Deep Ellum property at 2800 Commerce Street, Dallas, TX 75226, offers 11,234 square feet of retail and restaurant space, fully vacant and ready for immediate occupancy. The two-story building, renovated in 2024, features three suites, with a minimum divisible space of 2,500 square feet and a maximum contiguous space of 11,234 square feet. One suite boasts a roughly 3,500 square foot rooftop deck, while another offers a patio overlooking Blues Alley. The building includes one elevator and is conveniently located at the intersection of Commerce Street and South Crowdus Street, within the PD-269 zoning district. Its prime location in Deep Ellum's vibrant entertainment district provides walkable access to over 350 businesses, benefiting from a high volume of local and tourist traffic. Nearby developments include Class AA office space, a hotel, and high-end residential units, further enhancing the area's appeal and foot traffic. This presents a unique chance to establish a presence in Dallas's dynamic live-work-play neighborhood. The building's flexible layout allows for customization to suit various business needs, making it an ideal location for restaurants, offices, or a combination thereof. Don't miss this opportunity to be part of Deep Ellum's newest retail development.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,225,540
    6.5%
    $2,054,350
    7%
    $1,907,610
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,335,660
    Geo Method
    $3,681,590
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $4,024,050
    Mixed-Use / Specialty
    $2,039,800
    Hospitality / Lodging
    $1,487,130
    Office
    $2,020,160
    Institutional / Educational
    $2,117,990
    Residential Income
    $2,478,050
    Multifamily
    $3,012,080
    Automotive / Energy
    $1,815,420
    Parking / Income-Based Land
    $633,615
    Restaurant / Food Service
    $1,045,500
    Healthcare / Senior Housing
    $2,099,180

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.783
Longitude
-96.7829
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,702
$687,500
$127,500
$815,000
-
$687,500
$127,500
$815,000

FAQs

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