2940 Coombs Creek DrDallas, TX 75233

Property Details for 2940 Coombs Creek Dr

Year built

1965

Construction

STEEL FRAME

Lot size

1.87 AC

Property size (Sq ft)

2,176 SF

Zone code

Z125

Property type

Office properties

APN

660841000000

APU

660841000000

Description

This exceptional 1.87-acre commercial and industrial property, located at 2940 Coombs Creek Dr, Dallas, TX 75233, presents a compelling investment opportunity. Priced at $1,500,000, the property boasts two existing buildings currently utilized for automotive repair and parking, offering immediate income potential or redevelopment possibilities. Built in 1965, the property's versatile nature allows for a range of uses, subject to zoning approval. Detailed zoning information will be available on January 23rd. The substantial lot size provides ample space for expansion, future development, or continued operation of the existing businesses. Situated in Dallas County, Texas, this property benefits from convenient access to major transportation routes and a thriving local economy. Given its current use and significant land area, this property is ideal for investors seeking a strong return on investment or entrepreneurs looking to establish or expand their operations. Showings are by appointment only. Don't miss this chance to acquire a prime piece of Dallas real estate with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $420,608

  6.5%

  $388,253

  7%

  $360,521

• Comparable approach

  Method

  Valuation

  Relative Method

  $237,436

  Geo Method

  $651,473

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $758,648

  Retail / Commercial

  $390,153

  Mixed-Use / Specialty

  $389,647

  Hospitality / Lodging

  $287,023

  Institutional / Educational

  $405,392

  Residential Income

  $474,309

  Multifamily

  $563,956

  Automotive / Energy

  $347,479

  Parking / Income-Based Land

  $119,037

  Restaurant / Food Service

  $204,546

  Healthcare / Senior Housing

  $398,668

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.7146

Longitude

-96.8805

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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