11880 Greenville AveDallas, TX 75243

For Sale
$3,000,000

Dallas Office: Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 24,160-square-foot office building in Dallas, Texas, presents a compelling value-add investment opportunity. Located at 11880 Greenville Avenue, this single-story, 1981-built property sits on a generous 1.93-acre lot zoned for Commercial Office (General) use. Currently vacant, the building offers five units and boasts recent upgrades to its electrical panels, ensuring modern efficiency and reliability. The property's prime North Dallas location provides easy access to major highways, corporate centers, and retail amenities, making it highly attractive to a wide range of tenants. With a pro-forma NOI of $300,000 and a pro-forma cap rate of 10%, this property offers significant upside potential for investors. The expansive layout allows for flexible configurations, catering to various business needs. The asking price is $3,000,000, translating to $124.17 per square foot. Ample parking is available on-site. This is an ideal opportunity to acquire a well-located, adaptable office building in a thriving market with strong potential for rental income and appreciation. The property's vacant status allows for immediate implementation of a leasing strategy to maximize returns. The combination of its location, size, and recent improvements makes this a highly desirable investment.

Property Details for 11880 Greenville Ave

Property type
Other office properties, Office properties
Square Feet
24,160 SF
Class
C
Year Built
1981
Buildings
1
Stories
1
Lot Size (sq. ft)
84,071 SF
Units
5

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.9100138
Longitude
-96.7453666
11880 Greenville Ave, Dallas, Texas

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11880 Greenville Ave
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