This exceptional 29,000-square-foot development site is the last available parcel on North Henderson Avenue in Dallas, Texas. Located in the heart of a thriving area, this fee-simple property offers unparalleled access to key submarkets including Knox District, Highland Park, and Lower Greenville. The site boasts 200 feet of frontage on North Henderson Avenue and is zoned PD 462 (Subdistrict 2), permitting multifamily development by right, with a potential for retail rezoning. This allows for up to 30 units per acre. The property comprises four contiguous 7,250-square-foot lots. Its prime location provides direct access to major thoroughfares, including North Central Expressway (US-75), and is surrounded by a vibrant mix of established retailers, restaurants, and amenities such as Sprouts Farmers Market, Tecovas, Warby Parker, and Pie Tap Pizza. The area is experiencing significant growth, fueled by recent developments and acquisitions by Arcadia Realty Trust. With an average household income exceeding $136,000 within a three-mile radius, this site presents a rare opportunity to develop a landmark project in one of Dallas's most dynamic neighborhoods. The proximity to the Katy Trail and the highly sought-after Knox District further enhances its desirability. This is a truly unique chance to contribute to the continued expansion of this exceptional area.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Industrial / Distribution
$1,726,430
Retail / Commercial
$871,473
Mixed-Use / Specialty
$857,467
Hospitality / Lodging
$614,905
Office
$841,020
Institutional / Educational
$887,524
Residential Income
$1,038,400
Multifamily
$1,305,830
Automotive / Energy
$760,735
Parking / Income-Based Land
$273,289
Restaurant / Food Service
$422,713
Healthcare / Senior Housing
$890,494
Location Insight
City
Dallas
County
Dallas
State
Texas
Latitude
32.8175
Longitude
-96.7812
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Henderson Ave Dallas, TX 75206
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Henderson Ave Dallas, TX 75206
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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