1617 Hi Line DrDallas, TX 75207

Property Details for 1617 Hi Line Dr

Year built

1956

Construction

TILT-UP CONCRETE

Lot size

7.46 AC

Property size (Sq ft)

31,960 SF

Zone code

Z239

Property type

Showrooms

APN

138019000000

APU

138019000000

Description

This exceptional Dallas County retail and restaurant property, the Dallas Decorative Center, offers 368,000 square feet of space within a 14.2-acre lot. Built in 1957, this multi-tenant building currently features four suites, with 18,577 square feet of vacant space ready for immediate occupancy. Ideal for a variety of businesses, the property offers flexible space options, with minimum divisible units of 1,995 square feet and maximum contiguous units of 7,012 square feet. Its location in the heart of the Dallas Design District provides unparalleled access to a high concentration of design professionals and a vibrant residential community. The Dallas Decorative Center is strategically positioned to benefit from the area's thriving design industry and its proximity to upscale dining and entertainment options. This presents a unique opportunity for businesses seeking high-visibility locations within a well-established and prestigious design center. The property's existing tenants represent a curated selection of luxury furniture, lighting, and home décor brands, creating a synergistic environment for complementary businesses. This prime location offers exceptional visibility and accessibility, making it an attractive investment for businesses seeking to establish or expand their presence in the Dallas market. The ample lot size also provides potential for future expansion or development.

• CAP approach

  CAP return

  Valuation

  6%

  $7,223,010

  6.5%

  $6,667,394

  7%

  $6,191,152

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,084,692

  Geo Method

  $24,112,632

• Alternative Use

  Use

  Valuation

  Residential

  $5,624,196

  Hospitality

  $5,151,734

  Educational

  $4,286,182

  Medical

  $4,433,590

  Retail

  $6,667,394

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.7953

Longitude

-96.8194

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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