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The Promise Building 1878 Royal Ln 13,400 SF Industrial Building Dallas, TX 75229 $2,747,000 ($205/SF)
Investment Highlights
- 1878 Royal Lane is an exceptional offer for owner/users looking to expand or establish a new footprint in a dynamic commercial corridor in Dallas.
- 3 miles from Las Cosalinas and 4 miles from Farmers Branch, amenity-rich nodes sprawling with eateries, shopping districts, and entertainment options.
- Excellent visibility from Royal Lane, with quick access to Interstate 635, Interstate 35E, and Luna Road, and near logistic hubs such as DFW and DAL.
- Residents have average household incomes exceeding $107,000 and offer a skilled labor pool, with more than half holding a bachelor’s degree or higher.
Executive Summary
1878 Royal Lane is a 13,400-square-foot building ideal for office, showroom, retail, and warehouse use, in the heart of the Industrial Research District (IR) of Dallas.
Also known as The Promise Building, this fully paved site is partially fenced with secure outdoor storage and features two grade-level doors. Owners with a retail storefront gain strong visibility along Royal Lane, with exposure to 15,300 vehicles per day. In addition, significant traffic generators encompass Royal Lane, including H-Mart, Komart, QT, Kings Spa, Luna Vista Golf, ICR, and Gas Monkey.
1878 Royal Lane enjoys a strategic location, centrally situated between major DFW Metroplex thoroughfares, including Interstates 635 and 35E and Luna Road. Seamlessly facilitate logistics through Dallas Fort Worth International Airport (DFW), only 10 miles away, or Dallas Love Field Airport (DAL), 9 miles away. The Promise Building is close to Las Colinas and Farmers Branch, home to top-rated retailers like Whole Foods, Kroger, Target, Whataburger, Chipotle, CVS, Planet Fitness, and many more. Leverage the outstanding demographics within a 3-mile radius, with an average household income of $107,828, and annual consumer spending at a total of $1,045,931,923. Owners seeking to hire local labor have a highly educated workforce at their doorstep, with 53% of residents in the 3-mile radius holding a bachelor’s degree or higher.
Also known as The Promise Building, this fully paved site is partially fenced with secure outdoor storage and features two grade-level doors. Owners with a retail storefront gain strong visibility along Royal Lane, with exposure to 15,300 vehicles per day. In addition, significant traffic generators encompass Royal Lane, including H-Mart, Komart, QT, Kings Spa, Luna Vista Golf, ICR, and Gas Monkey.
1878 Royal Lane enjoys a strategic location, centrally situated between major DFW Metroplex thoroughfares, including Interstates 635 and 35E and Luna Road. Seamlessly facilitate logistics through Dallas Fort Worth International Airport (DFW), only 10 miles away, or Dallas Love Field Airport (DAL), 9 miles away. The Promise Building is close to Las Colinas and Farmers Branch, home to top-rated retailers like Whole Foods, Kroger, Target, Whataburger, Chipotle, CVS, Planet Fitness, and many more. Leverage the outstanding demographics within a 3-mile radius, with an average household income of $107,828, and annual consumer spending at a total of $1,045,931,923. Owners seeking to hire local labor have a highly educated workforce at their doorstep, with 53% of residents in the 3-mile radius holding a bachelor’s degree or higher.
Property Facts
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Dallas
1,345,047
19
0 h 23 m
Fort Worth
895,008
33
0 h 43 m
Austin
964,254
205
3 h 42 m
Houston
2,325,502
245
4 h 24 m
San Antonio
1,532,233
285
5 h 12 m
Memphis
650,618
477
8 h 24 m
Access and Labor Force
10 Miles
Total Population
1,117,969
Total Labor Force
687,405
Unemployment Rate
3.24%
Median Household Income
$74,235
Warehouse Employees
94,226
High School Education Or Higher
87.70%
Property Taxes
| Parcel Number | 00000807733000000 | Improvements Assessment | $1,199,390 |
| Land Assessment | $255,280 | Total Assessment | $1,454,670 |
Property Taxes
Parcel Number
00000807733000000
Land Assessment
$255,280
Improvements Assessment
$1,199,390
Total Assessment
$1,454,670
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The Promise Building | 1878 Royal Ln
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