13410 Preston RdDallas, TX 75240

Property Details for 13410 Preston Rd

Year built

2007

Construction

FRAME

Lot size

3.00 AC

Property size (Sq ft)

4,578 SF

Property type

Banks

APN

007441000A0039900

APU

007441000A0039900

Description

This exceptional 4,000 square foot freestanding retail building, located at 13410 Preston Road in Dallas, Texas, 75240, presents a unique investment opportunity. Previously a bank, the property boasts a prominent corner location at the intersection of Preston Road and the LBJ Freeway (I-635), ensuring high visibility and accessibility. The single-story building offers easy ingress and egress, enhanced by its location at a lighted intersection. The entire 4,000 square feet is currently vacant and ready for immediate occupancy. Key features include intact drive-through bays and a bank vault, offering potential for diverse uses. The property is zoned PD-17 and benefits from a low tax rate of $4.64 per square foot. Its strategic location adjacent to the planned Dallas International District mixed-use redevelopment promises significant future growth and increased foot traffic. This is an ideal location for businesses seeking high visibility and easy access to major transportation arteries. The property's former use as a bank provides a solid foundation for a variety of retail or office uses. Don't miss this chance to secure a prime retail space in a rapidly developing area of Dallas.

• CAP approach

  CAP return

  Valuation

  6%

  $1,335,814

  6.5%

  $1,233,059

  7%

  $1,144,984

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,652,282

  Geo Method

  $1,388,079

• Alternative Use

  Use

  Valuation

  Residential

  $1,040,132

  Hospitality

  $952,755

  Educational

  $792,681

  Medical

  $819,942

  Retail

  $1,233,059

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.9303

Longitude

-96.8028

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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