Log In/Sign Up
Your email has been sent.
Former School Redevelopment Opportunity 300 Oak Ave 71,771 SF Specialty Building Online Auction Sale Dumas, TX 79029
Investment Highlights
- Discover 71,771 SF on 10+ acres, featuring a fully equipped commercial kitchen with 3 walk-in freezers, solar-powered security, and working utilities.
- Prime revitalization project in an Opportunity Zone, suited for educational, institutional, industrial, flex, community, or mixed-use concepts.
- Less than 0.5 miles from Highway 287 and TX 152, offering excellent regional access and exposure to over 21,500 combined vehicles per day.
- 300 Oak Avenue is supported by 16,836 residents within 5 miles, the area has grown 7.5% since 2020 and is projected to increase another 4% by 2030.
Executive Summary
Positioned on just over 10 acres in Dumas, Texas, this vacant former school property presents a compelling value-add opportunity for investors seeking a large-scale redevelopment or revitalization project within an Opportunity Zone. Featuring 71,771 square feet, 300 Oak Avenue offers substantial scale and flexibility for a variety of future uses.
300 Oak Avenue's existing infrastructure supports a broad range of redevelopment strategies. A fully equipped commercial kitchen with three walk-in freezers and stainless-steel finishes, utilities in working condition, and a solar-powered security camera system provides a strong foundation to build upon. The property's size and configuration provide flexibility for a variety of future uses, including educational and training facilities, community-focused space, industrial or flex operations, and broader redevelopment opportunities.
Less than 0.5 miles from Highway 287 and TX 152, 300 Oak Avenue benefits from traffic counts of 12,657 and 8,884 vehicles per day, respectively. The former school is located in a growing trade area of 16,836 residents within a 5-mile radius, where the population has increased by 7.5% since 2020 and is projected to grow an additional 4% by 2030.
Whether repositioned for educational, institutional, industrial, or mixed-use purposes, 300 Oak Avenue offers the scale and adaptability necessary to support a wide range of value-creation strategies while capitalizing on the area's continued residential growth and transportation access.
Property tours are by appointment only. Please contact the listing broker to schedule.
300 Oak Avenue's existing infrastructure supports a broad range of redevelopment strategies. A fully equipped commercial kitchen with three walk-in freezers and stainless-steel finishes, utilities in working condition, and a solar-powered security camera system provides a strong foundation to build upon. The property's size and configuration provide flexibility for a variety of future uses, including educational and training facilities, community-focused space, industrial or flex operations, and broader redevelopment opportunities.
Less than 0.5 miles from Highway 287 and TX 152, 300 Oak Avenue benefits from traffic counts of 12,657 and 8,884 vehicles per day, respectively. The former school is located in a growing trade area of 16,836 residents within a 5-mile radius, where the population has increased by 7.5% since 2020 and is projected to grow an additional 4% by 2030.
Whether repositioned for educational, institutional, industrial, or mixed-use purposes, 300 Oak Avenue offers the scale and adaptability necessary to support a wide range of value-creation strategies while capitalizing on the area's continued residential growth and transportation access.
Property tours are by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Property Information
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Register to Bid Instructions
Property Facts
| Sale Type | Investment | Lot Size | 10.87 AC |
| Sale Condition | Auction Sale | Building Size | 71,771 SF |
| Type of Ownership | Fee Simple | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2015 |
| Property Subtype | School | Parking Ratio | 1.18/1,000 SF |
| Building Class | C | Parcel Number | 130187 |
| Zoning | Commercial | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | C |
| Lot Size | 10.87 AC |
| Building Size | 71,771 SF |
| No. Stories | 1 |
| Year Built | 2015 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | Commercial |
| Parcel Number | 130187 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Sale Advisor
Sale Advisor
Robert Anderson, Vice President
Robert brings almost 20 years of experience in the commercial real estate space and, unlike any brokerage firm, aids to accelerate the specialization and disposition of property sales through auction. Leading the auction services line, Robert will collaborate with Matthews agents and clients to identify auction opportunities within our active inventory and client roster. He works as an intermediary between clients and auction platforms. Regarded as one of the industry’s top Auction experts, Robert has been actively involved with over $5 billion in total asset value, including the record-setting sale of Beltway Business Park for $205 million in November of 2021. Robert’s unrelenting work ethic and intuition help him make the most informed decisions that provide the greatest long-term financial success and profitability for clients.
Prior to joining Matthews, Robert was a Vice President of Transaction Services where he grew revenue from $3 million in 2020 to $20 million and tripled the auction asset count. Robert also worked for Ten-X as a member of the team selling over $30 billion of commercial and residential properties and notes (performing and non-performing). From 2014-2018, Robert generated an averaged $1.5 million in revenue per year.
Prior to joining Matthews, Robert was a Vice President of Transaction Services where he grew revenue from $3 million in 2020 to $20 million and tripled the auction asset count. Robert also worked for Ten-X as a member of the team selling over $30 billion of commercial and residential properties and notes (performing and non-performing). From 2014-2018, Robert generated an averaged $1.5 million in revenue per year.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
Cheri Mascitelli
Contact
Auctioneer License:
Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
1 of 1
Contact the Sale Advisor
Former School Redevelopment Opportunity | 300 Oak Ave
Presented by
Former School Redevelopment Opportunity | 300 Oak Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.