405 Exposition Avenue

Dallas TX 75226

6969.6 sq. ft.

Land

Currently for sale - view listing

Overview

A rare opportunity to acquire a strategically located urban infill development site in one of Dallas's most active redevelopment corridors. The site is located within a federally designated Qualified Opportunity Zone. An investment made through a Qualified Opportunity Fund and held for at least 10 years may be eligible for elimination of federal capital gains tax on the appreciation of that investment. The property was previously permit-approved for an approximately 20-unit residential development, demonstrating that the building envelope, parking configuration, site access, and overall development concept successfully completed the City's review process. The site offers exceptional flexibility for today's market. A developer may elect to utilize the previously established development framework, or redesign the floor plans, unit mix, and overall product type to better align with current market demand, subject to City approval. The property is also situated within approximately one-half mile of DART light rail. Under current City of Dallas parking regulations, minimum parking requirements may be reduced or may not apply to sites in proximity to transit. This property is well suited for developers, builders, family offices, and investment groups seeking a high-density residential opportunity with meaningful pre-development value already in place.

Features

6969.6 sq. ft. lot size

Land

Property history for 405 Exposition Avenue

2022

Sold

Undisclosed

18 May 2022 by Brandon Travelstead, of Compass RE Texas, LLC

2021

Sold

Undisclosed

08 Nov 2021 by Blake Damron, of Compass RE Texas, LLC

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