6826 Greenville AveDallas, TX 75231

Property Details for 6826 Greenville Ave

Year built

1963

Construction

TILT-UP CONCRETE

Lot size

0.58 AC

Property size (Sq ft)

7,949 SF

Zone code

Z151

Property type

Bars

APN

367438000000

APU

367438000000

Description

This 12,949-square-foot retail property, located at 6826 Greenville Avenue in Dallas, Texas, presents a unique investment opportunity. Situated on 0.8 acres in a high-traffic area (23,148 vehicles per day in 2022), this vacant property boasts excellent visibility and accessibility. The location is surrounded by established national retailers such as Costco, Whole Foods, and HomeGoods, ensuring high foot traffic and brand recognition. The property features ample parking, with additional adjacent land owned by Oncor offering expansion possibilities. An existing billboard provides additional advertising potential. Convenient access to major thoroughfares, including I-75, Park Lane, and Northwest Highway, further enhances its appeal. The property is zoned for a bar and nightclub, but its size and location offer significant redevelopment potential for a variety of uses. The asking price is $3,500,000, and the lease type is NNN. This is an exceptional opportunity to acquire a prime retail space in a thriving Dallas neighborhood. The property's high visibility, ample parking, and strategic location make it an ideal investment for businesses seeking maximum exposure and growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,319,438

  6.5%

  $2,141,020

  7%

  $1,988,089

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,868,936

  Geo Method

  $5,251,391

• Alternative Use

  Use

  Valuation

  Residential

  $1,806,030

  Hospitality

  $1,654,314

  Educational

  $1,376,370

  Medical

  $1,423,705

  Retail

  $2,141,020

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.8696

Longitude

-96.7658

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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