405 Exposition AveDallas, TX 75226

For Sale
$1,749,000

20-Unit Multifamily Project, OZ Designation

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 0.155-acre lot at 405 Exposition Ave, Dallas, TX 75226, presents a fully entitled opportunity to develop a 20-unit multifamily project in the vibrant Deep Ellum neighborhood. Located within the Deep Ellum Public Improvement District (PID), this prime location offers unparalleled access to Dallas's thriving downtown, Uptown, and major highways. The property's zoning (PD 269) allows for immediate construction, eliminating lengthy permitting delays. Benefit from the significant tax advantages of its Opportunity Zone designation, further enhancing the project's financial appeal. Surrounded by affluent neighborhoods with an average household income exceeding $120,000 within a three-mile radius, this development promises strong rental demand. The area's robust job market, with over 132,000 new jobs added in the past year (a 3.3% annual increase), fuels this demand, making this a compelling investment opportunity. The asking price is $1,749,000, translating to a land value of $228.85 per square foot. Capitalize on the surging population growth in the Dallas-Fort Worth Metroplex and the increasing demand for housing in this dynamic area. This is a rare chance to build a thriving multifamily community in one of Dallas's most sought-after locations. The property's strategic position within a rapidly developing area, combined with its fully approved plans and advantageous tax incentives, makes it an ideal investment for discerning developers.

Highlights

  • 20-unit multifamily project approved for construction.
  • Deep Ellum location, providing convenient access to downtown, Uptown, and major highways.
  • Opportunity Zone designation offering significant tax advantages.
  • Located in Deep Ellum's Public Improvement District, a thriving restaurant and entertainment area.
  • High-income area with average household income exceeding $120,000 within three miles.
  • Strong regional job growth exceeding 132,000 new jobs last year.

Property Details for 405 Exposition Ave

Property type
Other land, Land
Lot Size (sq. ft)
6,752 SF

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.783345
Longitude
-96.771987
405 Exposition Ave, Dallas, Texas

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405 Exposition Ave
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