901 Jefferson BlvdDallas, TX 75208
- Retail properties
- 21,320 SF
Property Details for 901 Jefferson Blvd
- Year built
- 1916
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.30 AC
- Property size (Sq ft)
- 21,320 SF
- Zone code
- Z239
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 259456000000
- APU
- 259456000000
Description
This exceptional mixed-use property, located at 901 W Jefferson Blvd in Dallas, Texas (zip code 75208), presents a compelling investment opportunity. The 21,320 square foot building (per Dallas Central Appraisal District) boasts a prime location at the hard corner of Tyler and Jefferson in North Oak Cliff, adjacent to the Bishop Arts District and within the Jefferson Special Purpose District (PD 316). A short seven-minute drive to downtown Dallas adds to its desirability. The property comprises four ground-floor retail spaces and multiple residential units on the second floor, ranging from 1,800 to 3,000 square feet. Currently, all units are occupied, with most leases expiring within a year, and none containing renewal options. Importantly, all current rents are below market value, presenting immediate potential for increased revenue. Adding significant value, two adjacent lots (11,099 square feet of land with a 1,331 square foot building, per DCAD) are included in the sale. The Jefferson Building itself features unique, old-world architectural details and two recently updated storefronts. This portfolio offers a prospective investor multiple avenues for value enhancement, making it an attractive and promising investment.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $5,345,218
- 6.5%
- $4,934,048
- 7%
- $4,581,616
-
Comparable approach
- Method
- Valuation
- Relative Method
- $5,862,397
- Geo Method
- $16,085,147
-
Alternative Use
- Use
- Valuation
- Residential
- $4,162,054
- Hospitality
- $3,812,419
- Educational
- $3,171,888
- Medical
- $3,280,974
- Retail
- $4,934,048
Location Insight
- City
- Dallas
- County
- Dallas
- State
- Texas
- Latitude
- 32.7434
- Longitude
- -96.8379
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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