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Retail

3116 Commerce

3116 Commerce St, Dallas, TX 75226

Listing Price: Request For Offer

Lot Size
0.38 acres
Land Type
Redevelopment

Investment Overview

Marcus & Millichap is proud to present 3116 Commerce, a 16,764-square-foot multi-tenant mixed-use asset located in the heart of the Deep Ellum neighborhood of Dallas, Texas. The subject property features amenities including large open spaces, a full kitchen and bath, skylights, storage space, and interior parking spaces. The property also has ample street parking and paid parking options in the area. The subject property is located in an Opportunity Zone, a government program which provides tax incentives for new development and businesses. The subject property is currently split into ?ve suites and is fully occupied by multiple tenants. Each tenant is on a short-term lease with below-market rents, creating a strong value-add opportunity for a new investor or owner/user. Within blocks of the subject property are several new Class A developments, including: The Case Building, a 337-unit high-rise apartment complex; Indie Deep Ellum, a 231-unit luxury apartment complex with over 10,500 square feet of retail and a rooftop swimming pool; The Epic development, featuring a 250,000-square-foot of?ce building, a 310-unit apartment complex, a 164-key hotel, and 42,000 square feet of retail; The Stack, featuring 215,000 square feet of Class AA of?ce, 15,000 square feet of retail, and 16 stories of mixed-use; and The Assembly, a new development coming from Sterling Bay, that is scheduled to deliver 412,000 square feet of of?ce and ground ?oor retail. The subject property is within walking distance to local shops, restaurants, and over 30 live music venues, while also being within close proximity to the Dallas Area Rapid Transit (D.A.R.T.) train system. Directly to the east is Baylor Medical Center and their new 300,000-square-foot of?ce development, and Texas A&M School of Dentistry. The average household income exceeds $100,000 within a one-mile radius of the subject property. Overall, 3116 Commerce provides a new investor or owner/user the opportunity to be a part of one of the most progressive and rapidly developing neighborhoods in the city of Dallas, from thriving small businesses to massive scale development projects. With close proximity to multiple new developments, the 16,764-square-foot asset allows a new owner the opportunity to be strongly positioned to capture the rising rents and property values in this immediate submarket.

Investment Highlights

  • Prime Location on Commerce Street in Deep Ellum | 16,764-SF Multi-Tenant Asset
  • Interior Parking Spaces Available | Street and Paid Parking Available
  • Open Spaces | Full Kitchen and Bath | Storage Space
  • Surrounded by New Class A Retail, Office, and Multifamily Developments

Exclusively Listed By

Financing By

Retail

3116 Commerce

Listing Price: Request For Offer

Lot Size
0.38 acres
Land Type
Redevelopment

Investment Highlights

  • Prime Location on Commerce Street in Deep Ellum | 16,764-SF Multi-Tenant Asset
  • Interior Parking Spaces Available | Street and Paid Parking Available
  • Open Spaces | Full Kitchen and Bath | Storage Space
  • Surrounded by New Class A Retail, Office, and Multifamily Developments

Investment Overview

Marcus & Millichap is proud to present 3116 Commerce, a 16,764-square-foot multi-tenant mixed-use asset located in the heart of the Deep Ellum neighborhood of Dallas, Texas. The subject property features amenities including large open spaces, a full kitchen and bath, skylights, storage space, and interior parking spaces. The property also has ample street parking and paid parking options in the area. The subject property is located in an Opportunity Zone, a government program which provides tax incentives for new development and businesses. The subject property is currently split into ?ve suites and is fully occupied by multiple tenants. Each tenant is on a short-term lease with below-market rents, creating a strong value-add opportunity for a new investor or owner/user. Within blocks of the subject property are several new Class A developments, including: The Case Building, a 337-unit high-rise apartment complex; Indie Deep Ellum, a 231-unit luxury apartment complex with over 10,500 square feet of retail and a rooftop swimming pool; The Epic development, featuring a 250,000-square-foot of?ce building, a 310-unit apartment complex, a 164-key hotel, and 42,000 square feet of retail; The Stack, featuring 215,000 square feet of Class AA of?ce, 15,000 square feet of retail, and 16 stories of mixed-use; and The Assembly, a new development coming from Sterling Bay, that is scheduled to deliver 412,000 square feet of of?ce and ground ?oor retail. The subject property is within walking distance to local shops, restaurants, and over 30 live music venues, while also being within close proximity to the Dallas Area Rapid Transit (D.A.R.T.) train system. Directly to the east is Baylor Medical Center and their new 300,000-square-foot of?ce development, and Texas A&M School of Dentistry. The average household income exceeds $100,000 within a one-mile radius of the subject property. Overall, 3116 Commerce provides a new investor or owner/user the opportunity to be a part of one of the most progressive and rapidly developing neighborhoods in the city of Dallas, from thriving small businesses to massive scale development projects. With close proximity to multiple new developments, the 16,764-square-foot asset allows a new owner the opportunity to be strongly positioned to capture the rising rents and property values in this immediate submarket.

Exclusively Listed By

Financing By

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