2003 Edgefield AveDallas, TX 75224

Property Details for 2003 Edgefield Ave

Year built

1968

Construction

TILT-UP CONCRETE

Lot size

0.31 AC

Property size (Sq ft)

1,080 SF

Zone code

Z59

Property type

Car washes

APN

336769000000

APU

336769000000

Description

This exceptional 0.307-acre vacant land parcel presents a unique investment opportunity in Dallas, Texas. Situated at the corner of Ferndale and Edgefield Avenue, this property boasts a prime location in a commercial setting, offering significant potential for development. The address is 2003 S Edgefield Avenue, Dallas, TX 75224, within Dallas County. While the lot size is 0.307 acres, prospective buyers are strongly encouraged to conduct their own due diligence regarding zoning regulations, permissible business uses, and the availability of utilities. The asking price for this strategically positioned lot is $325,000. This off-the-beaten-path location offers a unique opportunity for entrepreneurs and developers seeking a less conventional yet highly visible commercial space. The property's potential is significant, making it an attractive proposition for those with a vision for the future of this area. Further investigation into the specifics of zoning and utility access is recommended to fully assess the development possibilities. This is a rare chance to acquire a commercial lot in a developing area of Dallas.

• CAP approach

  CAP return

  Valuation

  6%

  $270,771

  6.5%

  $249,942

  7%

  $232,089

• Comparable approach

  Method

  Valuation

  Relative Method

  $296,969

  Geo Method

  $814,820

• Alternative Use

  Use

  Valuation

  Residential

  $210,836

  Hospitality

  $193,124

  Educational

  $160,677

  Medical

  $166,203

  Retail

  $249,942

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.7259

Longitude

-96.8449

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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