Investment Overview

Marcus & Millichap is pleased to exclusively present for sale 2404 N Hall St, a 2,848-square-foot retail asset located in the heart of Uptown Dallas, Texas. The subject property is situated on 0.2 acres on a prime corner of North Hall Street. The highly desirable North Hall Street is a key thoroughfare passing through the rapidly growing and in-demand Uptown neighborhood. This subject property is surrounded by upscale multifamily, retail, and new developments, and boasts an average household income exceeding $142,742 within a one-mile radius. The subject property offers an exceedingly rare opportunity to acquire a well-located asset in one of Dallas-Fort Worth's strongest submarkets, with a remarkably high barrier to entry. 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. Within a square mile, Uptown Dallas accommodates a thriving community of 44,000 residents, a number that swells to over 94,000 during the bustling daytime hours. The subject property is also strongly positioned in the State-Thomas neighborhood on Hall Street, one of the most highly coveted neighborhoods in Dallas, driving new tenants and increased rents in the immediate area. The rapidly evolving Dallas-Fort Worth metroplex has been widely known as the United States' fastest-growing region in 2022. This dynamic area has witnessed substantial population growth driven by massive corporate relocations and the abundance of Fortune 500 employers. In fact, Dallas-Fort Worth has garnered recognition from the U.S. Bureau of Labor Statistics as one of the leading metropolitan areas in the country for business expansions, relocations, and employment growth. Overall, 2404 N Hall St offers a new investor or owner/user the rare opportunity to acquire a trophy asset in the heart of Uptown Dallas. The subject property features 2,848 rentable square feet of retail space, 7 parking spaces, and a drive-through. This allows for flexibility in potential tenants within the asset, making it an attractive investment opportunity in a submarket that boasts some of the highest rents in the metroplex for retail space. The subject property is zoned PD 225, which allows for a multitude of commercial uses as well.