Retail

Hwy 67 Development

Listing Price: $648,000

Lot Size
1.59 acres
Price/Acre
$407,550
Land Type
Redevelopment

Investment Overview

Marcus & Millichap is pleased to present Highway 67 Development, two adjoined retail pad sites totaling 1.66-acre development opportunity located at 914 and 918 E Highway 67 in Duncanville, Texas. The subject property is located approximately 12 miles from downtown Dallas just north of the intersection of Cockrell Hill Road and Highway 67, featuring approximately 74,000 vehicles per day along Highway 67 and approximately 22,000 vehicles per day along Cockrell Hill Road. The development opportunity fronts a Best Western and is less than one mile from Methodist Charlton Medical Center. The site is less than a quarter of a mile from newly constructed Holiday Inn and La Quinta and within two miles from Pappadauxs and various other national credit tenants including CVS, Walgreens, Bank of America, and 7-Eleven.

The subject property is zoned Local Retail-2 zoned (LR-2). The Local Retail-2 District is established to provide for the development of community serving retail, personal service, and office uses at a scale and intensity compatible with residential communities [up to forty thousand (40,000) square feet of floor area]. Pad site development is also allowed in this zoning district. The LR-2 District should be located along or at the intersections of major collectors or thoroughfares to accommodate higher traffic volumes.
The city of Duncanville is located in Dallas County, southwest of downtown Dallas along Highway 67. Duncanville is situated between the neighboring suburbs of DeSoto and Cedar Hill. The site features convenient access to major thoroughfares for ease of transportation. The city currently has a population of 39,487 residents with a median household income of $67,623 and a median home value of $170,760. (https://www.duncanville.com/)

Overall, Highway 67 Development provides a new investor a tremendous development opportunity, at an incredibly attractive price per square-foot, in the growing city of Duncanville, Texas. The highway access and frontage coupled with being in the transit path to Dallas makes this a prime location for new retail development opportunities. The subject property is conveniently located within a one-mile radius to three hotels, a regional medical center, a country club and multiple large churches. With a new development in place, the subject property which is zoned LR-2, should be well-positioned for the potential to capitalize on the growing demand in this immediate submarket.

Investment Highlights

  • Proximate to Medical Office Park and National Credit Retailers
  • Traffic Counts Exceed 74,000 VPD on East Highway 67
  • Two Pad Sites Available | 1.66-Acre Total Development Site on East Highway 67
  • LR-2 Zoning | Allows for Retail and Office Uses to Support the Local Community

Exclusively Listed By

Financing By

Listing Price: $648,000

Lot Size
1.59 acres
Price/Acre
$407,550
Land Type
Redevelopment

Investment Highlights

  • Proximate to Medical Office Park and National Credit Retailers
  • Traffic Counts Exceed 74,000 VPD on East Highway 67
  • Two Pad Sites Available | 1.66-Acre Total Development Site on East Highway 67
  • LR-2 Zoning | Allows for Retail and Office Uses to Support the Local Community

Investment Overview

Marcus & Millichap is pleased to present Highway 67 Development, two adjoined retail pad sites totaling 1.66-acre development opportunity located at 914 and 918 E Highway 67 in Duncanville, Texas. The subject property is located approximately 12 miles from downtown Dallas just north of the intersection of Cockrell Hill Road and Highway 67, featuring approximately 74,000 vehicles per day along Highway 67 and approximately 22,000 vehicles per day along Cockrell Hill Road. The development opportunity fronts a Best Western and is less than one mile from Methodist Charlton Medical Center. The site is less than a quarter of a mile from newly constructed Holiday Inn and La Quinta and within two miles from Pappadauxs and various other national credit tenants including CVS, Walgreens, Bank of America, and 7-Eleven.

The subject property is zoned Local Retail-2 zoned (LR-2). The Local Retail-2 District is established to provide for the development of community serving retail, personal service, and office uses at a scale and intensity compatible with residential communities [up to forty thousand (40,000) square feet of floor area]. Pad site development is also allowed in this zoning district. The LR-2 District should be located along or at the intersections of major collectors or thoroughfares to accommodate higher traffic volumes.
The city of Duncanville is located in Dallas County, southwest of downtown Dallas along Highway 67. Duncanville is situated between the neighboring suburbs of DeSoto and Cedar Hill. The site features convenient access to major thoroughfares for ease of transportation. The city currently has a population of 39,487 residents with a median household income of $67,623 and a median home value of $170,760. (https://www.duncanville.com/)

Overall, Highway 67 Development provides a new investor a tremendous development opportunity, at an incredibly attractive price per square-foot, in the growing city of Duncanville, Texas. The highway access and frontage coupled with being in the transit path to Dallas makes this a prime location for new retail development opportunities. The subject property is conveniently located within a one-mile radius to three hotels, a regional medical center, a country club and multiple large churches. With a new development in place, the subject property which is zoned LR-2, should be well-positioned for the potential to capitalize on the growing demand in this immediate submarket.

Exclusively Listed By

Financing By

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