3916 Ledbetter DrDallas, TX 75233
- Retail properties
- 10,730 SF
Property Details for 3916 Ledbetter Dr
- Year built
- 1972
- Construction
- STEEL FRAME
- Lot size
- 0.98 AC
- Property size (Sq ft)
- 10,730 SF
- Zone code
- Z116
- Property type
- Retail properties
- Property subtype
- Gas stations
- APN
- 655471000000
- APU
- 655471000000
Description
This exceptional 11,000 square foot commercial property, located at 3916 W Ledbetter Drive in Dallas County, presents a unique investment opportunity. Built in 1972, the single-tenant building sits on a generous 0.98-acre lot, offering significant expansion potential. Currently configured as an auto body repair shop, the property is equipped with several car lifts and a paint booth, representing a turnkey operation for a prospective buyer. The substantial building size and ample land provide flexibility for a variety of uses, including continuing the existing auto body repair business, or potentially incorporating a complementary business such as a tow truck service or even a small auto dealership. The property's location in Dallas County offers excellent access to major transportation routes and a strong customer base. The substantial size of both the building and the land provides significant upside potential for future growth and development. This is a rare opportunity to acquire a well-established business with significant expansion possibilities in a desirable Dallas location. The property's existing infrastructure, including the car lifts and paint booth, represents a significant cost savings for a new owner. The 0.98-acre lot provides ample space for outdoor storage, customer parking, or future expansion projects. This is an ideal property for an entrepreneur looking to establish or expand their automotive business in a thriving market. The property's single-tenant occupancy simplifies management and provides a stable income stream.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,690,159
- 6.5%
- $2,483,224
- 7%
- $2,305,850
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,950,446
- Geo Method
- $8,095,386
-
Alternative Use
- Use
- Valuation
- Residential
- $2,094,692
- Hospitality
- $1,918,727
- Educational
- $1,596,358
- Medical
- $1,651,259
- Retail
- $2,483,224
Location Insight
- City
- Dallas
- County
- Dallas
- State
- Texas
- Latitude
- 32.6907
- Longitude
- -96.8848
- 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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