3111 Monticello AveDallas, TX 75205

Property Details for 3111 Monticello Ave

Year built

1961

Construction

TILT-UP CONCRETE

Lot size

0.28 AC

Property size (Sq ft)

4,690 SF

Zone code

Z239

Property type

Retail space

APN

166990000000

APU

166990000000

Description

This exceptional 0.28-acre commercial land parcel presents a rare redevelopment opportunity in Dallas' highly coveted Knox District, situated at the prominent corner of Monticello Avenue and McKinney Avenue. Boasting 12,108 square feet of land, this single-tenant property offers unparalleled visibility and accessibility. Its location provides prominent exposure along the US-75 access road, ensuring high traffic volume and brand recognition. Convenient on-site parking is available via access from Insurance Lane. The Knox District is renowned as one of Dallas' most walkable areas, featuring a vibrant mix of local and national retailers and restaurants. This prime location places the property in close proximity to a collection of best-in-class businesses, including Apple, Restoration Hardware, Weir's Furniture, Lululemon, and Crate & Barrel, solidifying its position within a thriving and desirable commercial environment. The property's size and location make it exceptionally well-suited for a variety of high-impact commercial developments, capitalizing on the area's strong demand and established reputation. Exclusive parking is provided for the property. The property is located in Dallas County, Texas, with a Dallas, TX 75205 zip code.

• CAP approach

  CAP return

  Valuation

  6%

  $1,309,393

  6.5%

  $1,208,670

  7%

  $1,122,337

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,583,806

  Geo Method

  $3,110,155

• Alternative Use

  Use

  Valuation

  Residential

  $1,019,558

  Hospitality

  $933,910

  Educational

  $777,002

  Medical

  $803,725

  Retail

  $1,208,670

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.8269

Longitude

-96.7858

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].