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Tower 22 District Apartment Site 305 S Haskell Ave 33,000 SF 100% Leased Industrial Building Dallas, TX 75226 $4,850,000 ($146.97/SF)
Investment Highlights
- 33,000 SF Urban Infill Asset Redevelopment Opportunity with In Place Cash Flow & Santa Fe Trail Adjacency in Dallas, TX
- Multiple Coffee Users & Restaurants Seeking Main Street Locations in Tower 22 District
- Close Proximity to Baylor Hospital, Downtown Dallas, Lakewood & Knox-Henderson
- Densely Populated Submarket with Over 381,700 People in a 5-Mile Radius
- Unique Trail Oriented Neighborhood East of Exposition Circle & Deep Ellum (Over 2,200 MF Units, 1.1M SF of Office & 110+ Restaurants, Retail)
- Adjacent Main Street Complete Streets Project Anticipated to Start Construction in 2026
Executive Summary
SHOP Investment Sales has been exclusively retained to offer the opportunity to acquire Tower 22 District Apartment Site (the “Property”), an infill value add asset with compelling upside potential adjacent to the Santa Fe Trail and Deep Ellum in Dallas, TX. The Property is leased on a short-term basis with rent averaging $6.08 PSF NN, which is well below market for an urban warehouse, with vertical development zoning in place and entertainment/retail redevelopment potential. The Property benefits from its location within a dense submarket and a total population exceeding 381,700 in a five-mile radius.
Property Facts
| Price | $4,850,000 | Lot Size | 1.45 AC |
| Price Per SF | $146.97 | Rentable Building Area | 33,000 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Sale Condition | Redevelopment Project | Year Built | 1970 |
| Property Type | Industrial | Clear Ceiling Height | 25’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 2 |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Zoning | IM | ||
| Price | $4,850,000 |
| Price Per SF | $146.97 |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.45 AC |
| Rentable Building Area | 33,000 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Clear Ceiling Height | 25’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | IM |
1 1
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 00000128410000000 | Improvements Assessment | $639,330 |
| Land Assessment | $1,248,340 | Total Assessment | $1,887,670 |
Property Taxes
Parcel Number
00000128410000000
Land Assessment
$1,248,340
Improvements Assessment
$639,330
Total Assessment
$1,887,670
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Tower 22 District Apartment Site | 305 S Haskell Ave
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