Description
The Waller Group is proud to present the 8,250 SF multifamily development opportunity located in an opportunity zone in the Fair Park neighborhood of Dallas, TX. The land is located within Planned Development District 363 (subarea 2), which is zoned for Multifamily development. There is the potential for the developer to achieve highest and best use with the land and optimize the site with 2 stories of residential units, totaling 16 units. Recent sales on adjacent property zoned exclusively for duplex construction was priced at $50,000 (7,500 SF lots), which equates to $25,000 per constructed unit. At $400,000, the subject land is priced at $25,000 per constructed unit, assuming 16 units are built.
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School Information
Description
The Waller Group is proud to present the 8,250 SF multifamily development opportunity located in an opportunity zone in the Fair Park neighborhood of Dallas, TX. The land is located within Planned Development District 363 (subarea 2), which is zoned for Multifamily development. There is the potential for the developer to achieve highest and best use with the land and optimize the site with 2 stories of residential units, totaling 16 units. Recent sales on adjacent property zoned exclusively for duplex construction was priced at $50,000 (7,500 SF lots), which equates to $25,000 per constructed unit. At $400,000, the subject land is priced at $25,000 per constructed unit, assuming 16 units are built.
© 2022 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Robbins Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Robbins Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-05-15T23:40:08.13.
Listing information © 2022 North Texas Real Estate Information System.
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