6850 Greenville AveDallas, TX 75231

Property Details for 6850 Greenville Ave

Year built

1965

Construction

TILT-UP CONCRETE

Lot size

0.20 AC

Property size (Sq ft)

5,766 SF

Zone code

Z151

Property type

Showrooms

APN

367429000000

APU

367429000000

Description

This ±3,844 square foot single-tenant retail building, situated on a ±0.31-acre lot (13,505 square feet), presents a unique investment opportunity in Dallas County's Highland Park submarket. Located at the corner of Greenville Avenue and Fair Oaks Avenue, this Class B property boasts a highly desirable drive-thru configuration, perfect for beverage sales. Built in 1965 and renovated in 2005, the building features 18 parking spaces, three-phase power, and a large pole sign on Greenville Avenue. The interior includes two restrooms, one office, two pay stations, and two drive-thru lanes. Previously operating as a beer and wine drive-thru, the space retains walk-in refrigerators and seventeen self-serve windows, all still operational. The property benefits from exceptional visibility and high traffic counts, with Greenville Avenue averaging approximately 23,300 vehicles per day and Park Lane averaging approximately 38,000 vehicles per day. Its proximity to The Shops at Park Lane and North Park Mall further enhances its appeal. Zoned MU-3, allowing for multi-use development including retail, office, hotel, multifamily residential, and restaurants with drive-thrus, this property represents one of the largest contiguous redevelopment tracts on Greenville Avenue. The APN is 00000367429000000. This is a vacant property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,682,460

  6.5%

  $1,553,040

  7%

  $1,442,109

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,081,052

  Geo Method

  $3,808,952

• Alternative Use

  Use

  Valuation

  Residential

  $1,310,048

  Hospitality

  $1,199,997

  Educational

  $998,383

  Medical

  $1,032,719

  Retail

  $1,553,040

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.8704

Longitude

-96.7655

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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