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Mixed-Use

DCMS Redevelopment

132 E 12th St, Dallas, TX 75203

Listing Price: Request For Offer

Lot Size
2.08 acres
Land Type
Redevelopment

Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to purchase the Dallas County Medical Society (DCMS) headquarters located in the booming submarket of Oak Cliff in Dallas, Texas. The subject property is 9,946-square feet and is situated on 2.07 acres, which is currently zoned MU-1 for mixed-use development. The subject property has been home to DCMS since 1984 when the site was built. As the non-pro?t organization aims to relocate their headquarters, this presents a new investor, developer, or owner/user the tremendous opportunity to be a part of this rapidly transitioning submarket. Major developers have been drawn to the Oak Cliff 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. The Dallas Zoo also remains a staple attraction for the city of Dallas, which began as the ?rst zoo in the Southwest in 1888, and is visited by over 1.2 million guests per year. The subject property also provides convenient access to the Bishop Arts District, a popular submarket which includes multiple independent shops and restaurants as well as massive new Class A mixed-use developments. The Dallas County Medical Society Foundation (DCMS Foundation) owns the subject building and land offered in this prospectus. The DCMS Foundation is the 501(c)3, tax-exempt related company to the Dallas County Medical Society (DCMS). DCMS is the professional association representing physicians and medical students in Dallas County, Texas. DCMS has grown from 30 physicians to over 8,400 since its inception in 1876. DCMS is a leader at the local, state, and national levels and is the second-largest medical society in the country. As a long-standing nonprofit organization in Dallas, DCMS has provided critical services and resources to physicians that enable them to care for people in the community. For example, DCMS provided 235,000 boxes of free Personal Protective Equipment (PPE) to physicians during the COVID-19 crisis. This equates to over $14 million dollars in N95 masks, gloves, gowns, face shields, and surgical masks being provided to Dallas County physicians so they could continue serving their patients. DCMS also led the effort to organize and administer 20,000 COVID-19 vaccines to North Texas physicians and staff as soon as they were eligible. Programs such as these are why Dallas physicians have entrusted DCMS as their professional society for over 143 years. The subject property provides a new investor tremendous upside potential in the highly desirable Oak Cliff submarket of Dallas, Texas. The close proximity to downtown Dallas and accessibility to Interstate 35E, which features over 113, 000 vehicles per day, make this a prime location for retail, of?ce, or mixed-use opportunities. With a new development opportunity 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

  • Prime Oak Cliff Redevelopment Opportunity | Interstate 35E Frontage
  • 2.07-Acre Site | 9,946-Square Foot Building | Zoned MU-1
  • Proximate to New Southern Gateway Deck Park, Dallas Zoo, Bishop Arts, & Jefferson Blvd

Exclusively Listed By

Financing By

Mixed-Use

DCMS Redevelopment

Listing Price: Request For Offer

Lot Size
2.08 acres
Land Type
Redevelopment

Investment Highlights

  • Prime Oak Cliff Redevelopment Opportunity | Interstate 35E Frontage
  • 2.07-Acre Site | 9,946-Square Foot Building | Zoned MU-1
  • Proximate to New Southern Gateway Deck Park, Dallas Zoo, Bishop Arts, & Jefferson Blvd

Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to purchase the Dallas County Medical Society (DCMS) headquarters located in the booming submarket of Oak Cliff in Dallas, Texas. The subject property is 9,946-square feet and is situated on 2.07 acres, which is currently zoned MU-1 for mixed-use development. The subject property has been home to DCMS since 1984 when the site was built. As the non-pro?t organization aims to relocate their headquarters, this presents a new investor, developer, or owner/user the tremendous opportunity to be a part of this rapidly transitioning submarket. Major developers have been drawn to the Oak Cliff 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. The Dallas Zoo also remains a staple attraction for the city of Dallas, which began as the ?rst zoo in the Southwest in 1888, and is visited by over 1.2 million guests per year. The subject property also provides convenient access to the Bishop Arts District, a popular submarket which includes multiple independent shops and restaurants as well as massive new Class A mixed-use developments. The Dallas County Medical Society Foundation (DCMS Foundation) owns the subject building and land offered in this prospectus. The DCMS Foundation is the 501(c)3, tax-exempt related company to the Dallas County Medical Society (DCMS). DCMS is the professional association representing physicians and medical students in Dallas County, Texas. DCMS has grown from 30 physicians to over 8,400 since its inception in 1876. DCMS is a leader at the local, state, and national levels and is the second-largest medical society in the country. As a long-standing nonprofit organization in Dallas, DCMS has provided critical services and resources to physicians that enable them to care for people in the community. For example, DCMS provided 235,000 boxes of free Personal Protective Equipment (PPE) to physicians during the COVID-19 crisis. This equates to over $14 million dollars in N95 masks, gloves, gowns, face shields, and surgical masks being provided to Dallas County physicians so they could continue serving their patients. DCMS also led the effort to organize and administer 20,000 COVID-19 vaccines to North Texas physicians and staff as soon as they were eligible. Programs such as these are why Dallas physicians have entrusted DCMS as their professional society for over 143 years. The subject property provides a new investor tremendous upside potential in the highly desirable Oak Cliff submarket of Dallas, Texas. The close proximity to downtown Dallas and accessibility to Interstate 35E, which features over 113, 000 vehicles per day, make this a prime location for retail, of?ce, or mixed-use opportunities. With a new development opportunity 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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