4478 Marsalis AveDallas, TX 75216
Dallas retail center, value-add opportunity.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 94
Highlights
- 93,351 square foot multi-tenant retail center in Dallas, TX, offering a value-add investment opportunity.
- Located at 4478 S. Marsalis Ave, on a 4.96-acre lot, twelve minutes from Downtown Dallas.
- 58,693 square feet of net rentable space in four single-story buildings with 20 units, currently 80% occupied.
- Significant upside potential through lease renegotiation and capital improvements, with several below-market month-to-month leases.
- Asking price: $2,700,000, with a pro-forma cap rate of 9.76% and NOI of $263,434.
Property Details for 4478 Marsalis Ave
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 93,351 SF
- Class
- C
- Year Built/Renovated
- 1954/2019
- Buildings
- 4
- Stories
- 1
- Lot Size (sq. ft)
- 216,058 SF
- Units
- 20
Location Insight
- City
- Dallas
- County
- Dallas
- State
- Texas
- Latitude
- 32.690497446961
- Longitude
- -96.813763448346
Nearby Similar for Sale
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