1700 Ervay StDallas, TX 75215

This exceptional 89,158-square-foot shopping center presents a rare opportunity in the heart of Dallas, Texas. Situated on a 2.83-acre lot at 1700 S Ervay St, zip code 75215, this property boasts a PD (317) zoning designation, allowing for a building maximum of 300 feet with no density restrictions. Currently generating $320,000 in annual gross income from month-to-month tenants, this asset offers significant upside potential. The location is highly desirable, within walking distance of the Dallas Farmers Market and a short distance from a planned deck park. Further enhancing its appeal is the proximity to a new, soon-to-break-ground (Q1 2023) multifamily development on the former Ambassador site. This premier urban infill opportunity zone development presents a compelling investment prospect with strong potential for future growth and appreciation. The property's size and zoning flexibility provide a blank canvas for redevelopment or repositioning, catering to a wide range of retail and commercial uses. This is a truly unique opportunity to acquire a high-performing asset in a rapidly evolving and dynamic urban location.