Mixed-Use

N Carroll Development

Listing Price: Request For Offer

Lot Size
1.01 acres
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to present N Carroll Development, a 1.01-acre development opportunity located at 209-315 North Carroll Avenue in Dallas, Texas. The subject property is located in a high density infill corridor, within close proximity to Baylor Medical Center, including the new $70 Million, 300,000-square foot office development project. In addition, the subject property is just a few blocks East of Dallas' most popular urban submarket, Deep Ellum. N Carroll Development features six contiguous parcels of urban land, prime for development.

Old East Dallas is currently viewed by many investors as the next big boom sub-market in Dallas/Fort Worth. Developers are aggressively targeting this market with an influx of multi-family, office, and retail developments to support the growing demand and number of new residents. With lower rents and overall development costs than Uptown and the accessibility to Downtown along with major freeways, what was once an outskirt of the city is now main-and-main. The ease and access to recent transportation technology has cut down commuting time and costs, giving residents more freedom and options.

Overall, N Carroll Development allows a developer the opportunity to add their stamp on the rapidly transitioning market of Old East Dallas, with the potential to be strongly positioned to capture the rising rents and property values in this immediate market. With thousands of new units of Class-A multifamily and newly constructed town-homes in the surrounding market, there is a stronger shift in the demographics and household average income. Currently, there are over 367,000 residents within a five-mile radius of the subject property, and an average household income of over $99,000.

Investment Highlights

  • Urban Infill Development Opportunity | 1.01 Acres | Six Contiguous Parcels
  • Prime Old East Dallas Location Ideal for New Development
  • Proximate to Baylor Hospital & Deep Ellum Neighborhood

Exclusively Listed By

Financing By

Listing Price: Request For Offer

Lot Size
1.01 acres
Land Type
Land

Investment Highlights

  • Urban Infill Development Opportunity | 1.01 Acres | Six Contiguous Parcels
  • Prime Old East Dallas Location Ideal for New Development
  • Proximate to Baylor Hospital & Deep Ellum Neighborhood

Investment Overview

Marcus & Millichap is pleased to present N Carroll Development, a 1.01-acre development opportunity located at 209-315 North Carroll Avenue in Dallas, Texas. The subject property is located in a high density infill corridor, within close proximity to Baylor Medical Center, including the new $70 Million, 300,000-square foot office development project. In addition, the subject property is just a few blocks East of Dallas' most popular urban submarket, Deep Ellum. N Carroll Development features six contiguous parcels of urban land, prime for development.

Old East Dallas is currently viewed by many investors as the next big boom sub-market in Dallas/Fort Worth. Developers are aggressively targeting this market with an influx of multi-family, office, and retail developments to support the growing demand and number of new residents. With lower rents and overall development costs than Uptown and the accessibility to Downtown along with major freeways, what was once an outskirt of the city is now main-and-main. The ease and access to recent transportation technology has cut down commuting time and costs, giving residents more freedom and options.

Overall, N Carroll Development allows a developer the opportunity to add their stamp on the rapidly transitioning market of Old East Dallas, with the potential to be strongly positioned to capture the rising rents and property values in this immediate market. With thousands of new units of Class-A multifamily and newly constructed town-homes in the surrounding market, there is a stronger shift in the demographics and household average income. Currently, there are over 367,000 residents within a five-mile radius of the subject property, and an average household income of over $99,000.

Exclusively Listed By

Financing By

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