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Mixed-Use

7th & Beckley Development

423 N Beckley Ave, Dallas, TX 75203

Listing Price: Request For Offer

Lot Size
0.38 acres
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to present 7th & Beckley Development, a 16,517-square-foot development opportunity located at 411-423 North Beckley Avenue in the Bishop Arts submarket of Dallas, Texas. The subject property is situated in a prime location, adjacent to multiple new Class A retail and mixed-use developments. The subject property is currently zoned for Community Retail (CR) which allows for a multitude of supporting commercial uses and was recently awarded the zoning designation of PD 1019, which allows for a boutique hotel. The Bishop Arts District is located in North Oak Cliff and is known as "Dallas' Most Independent Neighborhood" with over 60 independent boutiques, restaurants, bars, coffee shops, and art galleries. The community frequently showcases it's independent establishments with popular activities including Wine Walks, parades, and various other social events. Bishop Arts was once Dallas' busiest trolley stop in the 1930's and is now going through a major revitalization. (BishopArtsDistrict.com). Major developers have also been drawn to this submarket with multiple Class A developments to support the growing population of Dallas-Fort Worth and the intrigue of the Bishop Arts District. These projects include Victor Prosper, featuring 216 multifamily units and 25,000 square-feet of commercial space, and Vance at Bishop Union, featuring 302 multifamily units and 23,000 square-feet of commercial space. In addition, the subject property is situated across from the proposed Central Market mixed-use site and proximate to newly constructed CVS Pharmacy and 7-Eleven assets. The subject property offers a developer the opportunity to be a part of this vastly growing submarket, in a prime location, to service hundreds of new residents and commuters. A new investor will have the opportunity to develop the subject property with the anticipation to capture the rising rents and be strongly positioned for the increase of population in the immediate area.

Investment Highlights

  • Prime Bishop Arts Area Development Opportunity | 16,517 Total Square Feet
  • Zoning: Community Retail (CR) | PD 1019 Allows for Boutique Hotel
  • Proximate to Multiple New Class A Mixed-Use and Retail Developments

Exclusively Listed By

Financing By

Mixed-Use

7th & Beckley Development

Listing Price: Request For Offer

Lot Size
0.38 acres
Land Type
Land

Investment Highlights

  • Prime Bishop Arts Area Development Opportunity | 16,517 Total Square Feet
  • Zoning: Community Retail (CR) | PD 1019 Allows for Boutique Hotel
  • Proximate to Multiple New Class A Mixed-Use and Retail Developments

Investment Overview

Marcus & Millichap is pleased to present 7th & Beckley Development, a 16,517-square-foot development opportunity located at 411-423 North Beckley Avenue in the Bishop Arts submarket of Dallas, Texas. The subject property is situated in a prime location, adjacent to multiple new Class A retail and mixed-use developments. The subject property is currently zoned for Community Retail (CR) which allows for a multitude of supporting commercial uses and was recently awarded the zoning designation of PD 1019, which allows for a boutique hotel. The Bishop Arts District is located in North Oak Cliff and is known as "Dallas' Most Independent Neighborhood" with over 60 independent boutiques, restaurants, bars, coffee shops, and art galleries. The community frequently showcases it's independent establishments with popular activities including Wine Walks, parades, and various other social events. Bishop Arts was once Dallas' busiest trolley stop in the 1930's and is now going through a major revitalization. (BishopArtsDistrict.com). Major developers have also been drawn to this submarket with multiple Class A developments to support the growing population of Dallas-Fort Worth and the intrigue of the Bishop Arts District. These projects include Victor Prosper, featuring 216 multifamily units and 25,000 square-feet of commercial space, and Vance at Bishop Union, featuring 302 multifamily units and 23,000 square-feet of commercial space. In addition, the subject property is situated across from the proposed Central Market mixed-use site and proximate to newly constructed CVS Pharmacy and 7-Eleven assets. The subject property offers a developer the opportunity to be a part of this vastly growing submarket, in a prime location, to service hundreds of new residents and commuters. A new investor will have the opportunity to develop the subject property with the anticipation to capture the rising rents and be strongly positioned for the increase of population in the immediate area.

Exclusively Listed By

Financing By

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