UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Bomars Grand Ave
MLS Listing ID 20617628
Total Fin. Sqft 10735
Year Built 1935
Annual Tax Amount $14,130
Lot Size 0.775 Acres
Acres 0.775
Property Sub-Type Retail
Property Description
The approximately 0.78-acre site contains two existing buildings totaling approximately 10,735 square feet, with approximately 150 feet of frontage along Al Lipscomb Way. The existing improvements and site configuration provide flexibility for adaptive reuse, redevelopment or repositioning for a variety of commercial and community-serving concepts, including professional office, retail, financial services, small-business incubation, nonprofit and community uses, subject to applicable zoning and approvals.
The property is positioned within a broader economic-development environment that may provide access to public and private redevelopment resources. Depending upon the project and investment structure, potential programs may include City of Dallas economic development incentives, TIF-related opportunities, New Markets Tax Credits, Opportunity Zone benefits, project-specific gap financing and other redevelopment assistance. All programs are subject to eligibility, underwriting and governmental approval.
The location provides immediate access to Interstate 30 and Interstate 45 and places the property near Fair Park, the Cotton Bowl, African American Museum of Dallas, Martin Luther King Jr. Branch Library and the ongoing public and private investment occurring throughout South Dallas and the Fair Park area.
With existing improvements, significant street frontage, proximity to Downtown Dallas and multiple potential redevelopment paths, 3120 and 3126 Al Lipscomb Way offers an opportunity for an owner-user, developer, investor or community-focused organization to establish a long-term presence in an evolving central Dallas market.
Location
State TX
County Dallas
Zoning PD 595 South Dallas Fair Park Special Purpose District
Direction The is located 1-quarter mile from Dallas Fair Park on Al Lipscomb Way and Medill St.
Interior
Heating Other
Cooling Other
Flooring Combination
Heat Source Other
Exterior
Utilities Available Asphalt, City Sewer, City Water, Concrete, Curbs, Electricity Available, Individual Water Meter, Sewer Available
Roof Type Asphalt
Garage No
Building
Foundation Slab
Structure Type Block,Brick
Others
Acceptable Financing Cash
Listing Terms Cash
Nearby School & Business
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