14655 Dallas PkwyDallas, TX 75254

Property Details for 14655 Dallas Pkwy

Year built

1998

Construction

FRAME

Lot size

1.52 AC

Property size (Sq ft)

11,416 SF

Zone code

Z395

Property type

Turn key restaurants

APN

10005360010010000

APU

10005360010010000

Description

This exceptional 10,500-square-foot retail or restaurant space is situated on a 1.52-acre lot at 14655 Dallas Parkway in Dallas, Texas, zip code 75254. The property, built in 1999 and classified as Class A, boasts 126 parking spaces and enjoys unparalleled visibility along the Dallas North Tollway, with over 200,000 vehicles passing daily. Its location just half a mile from the heart of Addison, Texas, provides access to a dense population of over 17,000 residents and a daytime population exceeding 60,800 within a one-mile radius. Addison's vibrant community hosts over 150 special events annually, including Kaboom Town (over 400,000 visitors) and Oktoberfest (over 70,000 visitors), ensuring consistent high traffic. The property benefits from its proximity to recently completed Class A office developments, including the six-story Tollway Center (201,606 square feet) and the Fourteen5 development (480,000 square feet), further enhancing its desirability and potential. This single-tenant property presents a unique opportunity for a restaurant or redevelopment into an office building, capitalizing on its prime location and surrounding commercial activity within Dallas County. The entire 10,500 square feet is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $3,331,073

  6.5%

  $3,074,837

  7%

  $2,855,206

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,120,237

  Geo Method

  $3,461,404

• Alternative Use

  Use

  Valuation

  Residential

  $2,593,740

  Hospitality

  $2,375,852

  Educational

  $1,976,681

  Medical

  $2,044,662

  Retail

  $3,074,837

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.9454

Longitude

-96.824

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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