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Office

2707 State St

2707 State St, Dallas, TX 75204

Listing Price: $4,000,000

Cap Rate
6.55%
Rentable SF
8,683
Lot Size
0.23 acres
Year Built
1987

Investment Overview

Marcus & Millichap is pleased to offer for sale 2707 State St, a beautiful high-quality office building, constructed in 1987, and renovated in 2019. The property contains approximately 7,125 leasable square feet with an additional 1,558 square feet of a parking garage and porches and is located in the middle of the DFW Metroplex, mere minutes from downtown Dallas.

The prominent office building offers a rare opportunity to acquire a well-located asset within an affluent and accessible location in the heart of Uptown Dallas. Uptown Dallas has quickly developed into an exceedingly sought-after district that encapsulates the ideal live/work/play lifestyle in North Texas. The appeal of this submarket stems from the convergence of business executives and young professionals, placing Uptown as the most attractive demographic profile in Dallas.

2707 State St has a convenient and accessible location being conveniently situated less than a mile from I-75, allowing for easy access to the property. The property is a very well-maintained building and was recently renovated in 2019. The property benefits from strong demographics, serving a five-mile population of approximately 386,890 residents with a one-mile average household income exceeding $143,570.

Investment Highlights

  • Excellent Owner/User or Investment Opportunity
  • Located in Prime Uptown Dallas, Minutes from Downtown Dallas
  • Zoned PD 225 Historic District Core
  • $200,000 Renovation in 2019
  • ADA-Compliant Elevator
  • Located Less Than A Mile From I-75, Allowing For Easy Access to The Property
  • High-Income Area With A One Mile Average Income Exceeding $143,570
  • Densely Populated Area with 386,890 Residents Within Five Miles

Exclusively Listed By

Financing By

Office

2707 State St

Listing Price: $4,000,000

Cap Rate
6.55%
Rentable SF
8,683
Lot Size
0.23 acres
Year Built
1987

Investment Highlights

  • Excellent Owner/User or Investment Opportunity
  • Located in Prime Uptown Dallas, Minutes from Downtown Dallas
  • Zoned PD 225 Historic District Core
  • $200,000 Renovation in 2019
  • ADA-Compliant Elevator
  • Located Less Than A Mile From I-75, Allowing For Easy Access to The Property
  • High-Income Area With A One Mile Average Income Exceeding $143,570
  • Densely Populated Area with 386,890 Residents Within Five Miles

Investment Overview

Marcus & Millichap is pleased to offer for sale 2707 State St, a beautiful high-quality office building, constructed in 1987, and renovated in 2019. The property contains approximately 7,125 leasable square feet with an additional 1,558 square feet of a parking garage and porches and is located in the middle of the DFW Metroplex, mere minutes from downtown Dallas. The prominent office building offers a rare opportunity to acquire a well-located asset within an affluent and accessible location in the heart of Uptown Dallas. Uptown Dallas has quickly developed into an exceedingly sought-after district that encapsulates the ideal live/work/play lifestyle in North Texas. The appeal of this submarket stems from the convergence of business executives and young professionals, placing Uptown as the most attractive demographic profile in Dallas. 2707 State St has a convenient and accessible location being conveniently situated less than a mile from I-75, allowing for easy access to the property. The property is a very well-maintained building and was recently renovated in 2019. The property benefits from strong demographics, serving a five-mile population of approximately 386,890 residents with a one-mile average household income exceeding $143,570.

Exclusively Listed By

Financing By

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