4808 San Jacinto St
Dallas, TX 75204
4808 San Jacinto St & 1516 N Prairie Ave · Land For Sale · 0.46 AC

The Old East Dallas Land site is compromised of 4808 San Jacinto and 1516 N Prairie Ave. The house on Prairie Ave is currently rented on a month-to-month lease for $1,000 per month. This monthly lease allows for some expenses to be covered while in the planning and development stages of the site. The Old East Dallas Land site is located at the epicenter of one of Dallas' hottest infill development corridors and represents an excellent opportunity in the Old East Dallas submarket. The site is comprised of three contiguous tracts totaling roughly 20,182 Square Feet, all zoned MF-2. In a May 16, 2016, Dallas Morning News article on the resurgence of the area, Trammell Crow Residential Senior Managing Director Steve Bancroft states,"To us, it' s one of the best markets outside Uptown in the city. Other developers interviewed noted, You have Lower Greenville expanding down Ross and the Arts district pushing up and I say the Ross Avenue corridor is Uptown lite & it's the gateway to the Arts District and seeing big changes. The prospects for further growth in the coming years are extraordinarily appealing." The property is just 1.6 miles from the Dallas CBD and Arts District, one block southeast of Ross Avenue, the primary thoroughfare connecting downtown Dallas to East Dallas and the Lakewood/White Rock Lake areas. It is within blocks of the Lower Greenville Avenue and Henderson entertainment districts and the Swiss Avenue Historical District; the Baylor University Medical Center is roughly 1.3 miles from the site.