5305-5306 Keeneland Parkway, Dallas, TX, 75211

5305-5306 Keeneland Parkway Dallas, TX 75211

5305-5306 Keeneland Parkway, Dallas, TX, 75211
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FOR SALE
Property Type:
Multifamily Land
Amount:
$300,000
Last Verified:
Jul 12, 2024

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Highlights

  • -Proximate to multiple demand generators including restaurants, grocery store, and Dallas National Golf Club
  • -Well-positioned within a dense market with ±213,940 people and avg. household income of $64,146 within a 5-mile radius
  • ±1.48 AC retail adjacent land with immediate access to Loop 12 (±147K VPD) Zoned MF-2A, Multifamily district 2
  • 2 miles south of Interstate 30 with direct access to Dallas CBD

Description

This ±1.48 AC retail adjacent land in the heart of Dallas offers prime investment potential with immediate Loop 12 access. Positioned near demand generators and the Dallas National Golf Club, it presents an ideal opportunity for retail investors. Zoned for multifamily district 2 and just 2 miles south of Interstate 30 with direct access to the Dallas CBD, this property is perfectly positioned for success.

The tracts consist of 1.48 acres across two parcels on Keeneland Parkway, near the intersection of Loop 12 (S Walton Walker Blvd) offering direct access to downtown Dallas. Both parcels have frontage on Keeneland Parkway with 5,553 vehicles per day and benefit from proximity to Loop 12 with an additional 147,535 vehicles per day. The Property is in a robust trade area near a mix of multi-family housing, retail, and industrial demand generators. The Property benefits from immediate traffic drawn by Super Fiesta Bazaar and Grocer, Church’s Fried Chicken, and Shell. Additionally, the Property benefits from proximity to Dallas National Golf Club, a 400-member course designed by Tom Fazio. Both Properties are currently zoned MF-2A, Multifamily District 2.

The Properties are located approximately 10 miles west of downtown Dallas. The Property is in a densely populated residential area and benefits from compelling demographics. In 2021, the Property had approximately ±213,940 individuals residing within a five-mile radius with an average household income of ±$64,146.

Lot Size: 1.48 acres

Map of 5305-5306 Keeneland Parkway, Dallas, TX, 75211

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.