2508 Fitzhugh AveDallas, TX 75204

Property Details for 2508 Fitzhugh Ave

Year built

1962

Construction

TILT-UP CONCRETE

Lot size

0.42 AC

Property size (Sq ft)

6,800 SF

Zone code

Z59

Property type

Strip malls

Property subtype

Neighborhood centers

APN

192493000000

APU

192493000000

Description

This exceptional 6,800 square foot retail space, located at 2508 & 2514 N Fitzhugh Ave in Dallas County, presents a unique redevelopment opportunity. Currently vacant, the entire single-tenant building offers a blank canvas for a discerning investor or business owner. Situated at the northwest corner of Fitzhugh and Belmont Avenues, this property benefits from its prime location within a thriving commercial corridor. The area is experiencing significant growth, with numerous new multi-family and townhome developments underway, creating a robust and expanding customer base. The surrounding area boasts a dynamic mix of restaurants, offices, and other retail establishments, ensuring high visibility and foot traffic. This location's proximity to residential areas, offices, and other retail and restaurant uses makes it one of the most vibrant corridors in the heart of Dallas. The property's size and location make it ideal for a variety of retail concepts, offering significant potential for a strong return on investment. This is a rare opportunity to establish a presence in a rapidly developing and highly desirable area of Dallas. The property is ready for immediate occupancy and customization to suit the needs of a new tenant. Contact us today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,897,209

  6.5%

  $1,751,270

  7%

  $1,626,179

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,294,086

  Geo Method

  $4,514,876

• Alternative Use

  Use

  Valuation

  Residential

  $1,477,262

  Hospitality

  $1,353,164

  Educational

  $1,125,816

  Medical

  $1,164,535

  Retail

  $1,751,270

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.8125

Longitude

-96.7832

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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