Investment Overview

Marcus & Millichap is pleased to present 2634 Elm St, a 4,000-square-foot asset with a 738-square-foot patio, located in the heart of the Deep Ellum submarket of Dallas, Texas, proximate to the new Epic and Stack vertical mixed-use developments. The subject property provides an investor or owner/user the incredible opportunity to be centrally located in Dallas' most popular and eclectic urban submarket. Deep Ellum features 60-plus restaurants, 50-plus bars, 25-plus live music and art venues, 30-plus shops and galleries, five craft breweries, and 100-plus painted murals throughout the district. The subject property features a deep history in the Deep Ellum submarket, celebrating the 100-year history of the property in 2021. The asset was originally a soft-drink bottling plant and has since featured several different uses. The versatile asset and favorable zoning provides an incredible opportunity to serve multiple different uses including retail, office, and live/work. In addition, rooftop access allows for phenomenal views of downtown Dallas. The subject property was recently fully renovated throughout 2021-2023, featuring a new roof with patio deck, exposed brick complimented with clean glass and a white-boxed finished out, a turf backyard area and deck, plus much more, allowing for a turnkey asset for any investor or owner/user. With rising rents in the creative office and retail spaces in the Deep Ellum, 2634 Elm offers an owner/user an alternative to leasing in this submarket, with the rare opportunity to acquire a move-in-ready asset. Vertical development continues to drive greater density in Deep Ellum. The newly constructed Epic development is just one block away, featuring a 250,000-square-foot office building, a 310-unit apartment building, a 164-key hotel, and 42,000 square feet of retail. The Stack at Deep Ellum is a 16-story mixed-use office building located just south of the asset, featuring 215,000 square feet of Class AA office and 15,000 square feet of retail. The Assembly, a new development from Sterling Bay, is scheduled to deliver 412,000 square feet of office and ground floor retail is also located just one block north. The subject property is within walking distance to local shops and restaurants, and over 30 live music venues, while being within close proximity to the Dallas Area Rapid Transit (D.A.R.T.) train system. Directly to the east, is Baylor Medical Center, including their new 300,000 square-foot office development, and Texas A&M School of Dentistry. The average household income exceeds $113,000 within a one-mile radius of the subject property. Overall, 2634 Elm provides a new investor or owner/user the opportunity to be a part of the city of one of most progressive neighborhoods in the city of Dallas, from thriving small businesses to massive scale development projects. With close proximity to multiple new developments, the 4,000-square-foot asset, which features a 738-square-foot patio, has recently completed a full renovation and allows a new owner the opportunity to be strongly positioned in the heart of the Deep Ellum submarket.