Mixed-Use

12th St Redevelopment

213 E 12th St, Dallas, TX 75203

Listing Price: Request For Offer

Lot Size
0.95 acres
Land Type
Redevelopment

Investment Overview

Marcus & Millichap is pleased to present 12TH St Redevelopment, a 41,571 square-foot redevelopment opportunity, consisting of four total parcels, located at 213 & 225 East 12th Street, 223 South Storey Street, in the urban submarket of Oak Cliff in Dallas, Texas. The 0.95 acre offering is located between East Jefferson Boulevard and RL Thornton Freeway, providing convenient access to Interstate-35 E as well as walkable distance to local shops and restaurants. The subject property is situated just three-miles from Downtown Dallas, allowing for an approximate ten minute commute to the heart of the city.

The Oak Cliff submarket is one of the most rapidly transitioning urban submarkets of Dallas. Major developers have been drawn to this submarket to support the growing population and the close proximity to Downtown Dallas. The most notable development adjacent to the subject property is the Southern Gateway Deck Park, a proposed greenspace initiative for the city that recently surpassed a $1 million fundraising milestone in October of 2019. The Dallas Zoo also remains a staple attraction for the city of Dallas, which began as the first zoo in the Southwest in 1888, and is visited by over 1.2 million guests per year.

Overall, 12 St Redevelopment provides a new investor the possibility of tremendous upside in the highly desirable Oak Cliff submarket of Dallas. The proximity to Downtown and accessibility to Interstate-35 E make this a prime location for retail, office, residential, or mixed-use opportunities, given the MU-1 (Mixed-Use) zoning. With a new development in place, the subject property has the potential to be well-positioned to capture the rising rents over time in this immediate submarket.

Investment Highlights

  • MU-1 Zoning Allowing for Office, Retail, and Mixed-Use
  • Immediate Access to Interstate-35 E | Over 102,000 VPD
  • Urban Infill Redevelopment Opportunity | 41,571 SF Total Land
  • Located in the Oak Cliff Submarket | Three Miles from Downtown Dallas
  • Less Than One-Mile from the Dallas Zoo & Proposed Southern Gateway Deck Park

Exclusively Listed By

Financing By

Listing Price: Request For Offer

Lot Size
0.95 acres
Land Type
Redevelopment

Investment Highlights

  • MU-1 Zoning Allowing for Office, Retail, and Mixed-Use
  • Immediate Access to Interstate-35 E | Over 102,000 VPD
  • Urban Infill Redevelopment Opportunity | 41,571 SF Total Land
  • Located in the Oak Cliff Submarket | Three Miles from Downtown Dallas
  • Less Than One-Mile from the Dallas Zoo & Proposed Southern Gateway Deck Park

Investment Overview

Marcus & Millichap is pleased to present 12TH St Redevelopment, a 41,571 square-foot redevelopment opportunity, consisting of four total parcels, located at 213 & 225 East 12th Street, 223 South Storey Street, in the urban submarket of Oak Cliff in Dallas, Texas. The 0.95 acre offering is located between East Jefferson Boulevard and RL Thornton Freeway, providing convenient access to Interstate-35 E as well as walkable distance to local shops and restaurants. The subject property is situated just three-miles from Downtown Dallas, allowing for an approximate ten minute commute to the heart of the city.

The Oak Cliff submarket is one of the most rapidly transitioning urban submarkets of Dallas. Major developers have been drawn to this submarket to support the growing population and the close proximity to Downtown Dallas. The most notable development adjacent to the subject property is the Southern Gateway Deck Park, a proposed greenspace initiative for the city that recently surpassed a $1 million fundraising milestone in October of 2019. The Dallas Zoo also remains a staple attraction for the city of Dallas, which began as the first zoo in the Southwest in 1888, and is visited by over 1.2 million guests per year.

Overall, 12 St Redevelopment provides a new investor the possibility of tremendous upside in the highly desirable Oak Cliff submarket of Dallas. The proximity to Downtown and accessibility to Interstate-35 E make this a prime location for retail, office, residential, or mixed-use opportunities, given the MU-1 (Mixed-Use) zoning. With a new development in place, the subject property has the potential to be well-positioned to capture the rising rents over time in this immediate submarket.

Exclusively Listed By

Financing By

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