533 R L Thornton FwyDallas, TX 75203

Property Details for 533 R L Thornton Fwy

Year built

1987

Construction

FRAME

Lot size

1.65 AC

Property size (Sq ft)

12,948 SF

Zone code

Z239

Property type

Parking lots & garages

APN

308601030110000

APU

308601030110000

Description

This exceptional Dallas retail property, located at 533 S. RL Thornton Freeway, presents a unique investment opportunity. The property boasts a substantial 8,895 square foot building situated on a generous 30,000 square foot lot. Its prime location offers unparalleled access to high vehicular traffic volumes, with I-35E boasting 180,295 vehicles per day (data from 2015). The property is zoned PD 468, WMU-12, providing flexibility for a variety of retail uses. This versatile space is ideal for businesses seeking high visibility and convenient access for customers. The substantial lot size also offers potential for future expansion or development. Located in the heart of Dallas, Texas, in the 75203 zip code, this property benefits from excellent connectivity and proximity to a thriving urban environment. This is a rare chance to acquire a well-positioned retail property in a dynamic and rapidly growing market. The property's size and zoning make it suitable for a wide range of retail concepts, offering significant potential for return on investment. Serious inquiries are encouraged to explore this compelling opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $3,182,645

  6.5%

  $2,937,826

  7%

  $2,727,982

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,504,429

  Geo Method

  $9,768,784

• Alternative Use

  Use

  Valuation

  Residential

  $2,478,166

  Hospitality

  $2,269,987

  Educational

  $1,888,603

  Medical

  $1,953,555

  Retail

  $2,937,826

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.7468

Longitude

-96.812

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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