Building Specs: Rare opportunity on South Hampton Rd in Dallas, TX. Nice 8, 636 sqft building with the front showroom and rear warehouse showroom combining for 5, 278 on the first floor with an upper floor(3, 358 sqft) for additional showroom or warehouse storage area. Ceiling height clears 20’ and it’s Currently zoned as Commercial – Retail Trade, with Potential use as a furniture sales store, church, or multiple use retail building. Building sits on a “Hard Corner” 14, 070 sqft lot with 22 parking spaces, 1 loading dock and 256’ of frontage to S. Hampton Rd and Gladstone Dr. The building was last renovated in 2007. The Interior Showroom is about 2000 sqft with tile flooring and could be converted into formal office spaces, leaving the remaining space as an existing warehouse or storage. Area Opportunity: Location is in the Medium HH Income area just 8.2 miles from Dallas Love Field and about 4 miles from Downtown Dallas and on the DART bus route. Building is Just south of W. Davis St. And I-30 highway. Investment Opportunity: Market area lease rates are going for $16 to $19 psf, which could put this as a 7% CAP if leased out for $17.50 with NNN. The CoStar Peer report is showing Commercial sales at $234 psf and we’re only listed at $162.11 per sqft. Area also has a robust gentrification going on nearby.
