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5007 Ivy Ln - Multi Use Facility 12,747 SF Specialty Building Offered at $989,000 in Dallas, TX 75241
Investment Highlights
- The religious facility can be purchased for $1,479,000 & 0.5-acre commercial lot located across the street at 2635 56th St. can be bought for $69,900.
- Two blocks from Ledbetter Drive and only 4 minutes from I-45.
- Suggested uses: Funeral home, Private School, Day Care, etc.
- Original sanctuary and other areas have been renovated building.
Executive Summary
Prime Income Opportunity: High-Yield Asset with 1%+ Rent-to-Price Ratio
?Secure a high-performance addition to your portfolio with this rare, turnkey income producer that defies current market yields. This property isn't just a versatile facility; it is a stabilized asset delivering a gross monthly rental income exceeding 1% of the list price—offering the kind of immediate cash flow and debt-coverage ratios that seasoned investors typically only find in distressed sales. With Owner Financing available (minimum $700k down), this is a strategic play for the investor looking to leverage favorable terms while capturing superior returns in the Dallas market.
?Asset Overview & Value-Add Features
?This meticulously maintained multi-purpose facility serves as a premier worship center, yet its footprint is optimized for high-demand commercial uses including daycare operations, private academies, event venues, or specialized community facilities.
?Strategic Configuration: Two expansive auditoriums with independent egress/ingress points allow for dual-tenancy or multi-functional programming.
?Turnkey Infrastructure: Includes comprehensive classroom suites, administrative offices, a full kitchen, and a small fellowship hall.
?Recent Capital Improvements: * Roof: Full replacement (2022)
?HVAC: Three new high-efficiency units (2024)
?Interior: Fresh paint, updated flooring, modernized lighting, and electrical upgrades in the secondary auditorium.
?Accessibility: Fully ADA-compliant restrooms and parking facilities ensure zero-barrier entry for all occupants.
?Expansion Potential
?The sale includes the adjacent lot (MLS #21080044) at 2635 56th Street, Dallas, TX, providing critical overflow parking or the potential for future ground-up development to further increase the site's density and yield.
?Investor Note: This property combines the stability of a seasoned tenant with the long-term appreciation of the Dallas metroplex. Rare owner-carry terms make this an ideal 1031 exchange candidate or a high-yield anchor for a private fund.
?Contact our team today at 1-833-274-6706 (Option 1 - Daniel) for further questions and schedule a private acquisition tour
?Secure a high-performance addition to your portfolio with this rare, turnkey income producer that defies current market yields. This property isn't just a versatile facility; it is a stabilized asset delivering a gross monthly rental income exceeding 1% of the list price—offering the kind of immediate cash flow and debt-coverage ratios that seasoned investors typically only find in distressed sales. With Owner Financing available (minimum $700k down), this is a strategic play for the investor looking to leverage favorable terms while capturing superior returns in the Dallas market.
?Asset Overview & Value-Add Features
?This meticulously maintained multi-purpose facility serves as a premier worship center, yet its footprint is optimized for high-demand commercial uses including daycare operations, private academies, event venues, or specialized community facilities.
?Strategic Configuration: Two expansive auditoriums with independent egress/ingress points allow for dual-tenancy or multi-functional programming.
?Turnkey Infrastructure: Includes comprehensive classroom suites, administrative offices, a full kitchen, and a small fellowship hall.
?Recent Capital Improvements: * Roof: Full replacement (2022)
?HVAC: Three new high-efficiency units (2024)
?Interior: Fresh paint, updated flooring, modernized lighting, and electrical upgrades in the secondary auditorium.
?Accessibility: Fully ADA-compliant restrooms and parking facilities ensure zero-barrier entry for all occupants.
?Expansion Potential
?The sale includes the adjacent lot (MLS #21080044) at 2635 56th Street, Dallas, TX, providing critical overflow parking or the potential for future ground-up development to further increase the site's density and yield.
?Investor Note: This property combines the stability of a seasoned tenant with the long-term appreciation of the Dallas metroplex. Rare owner-carry terms make this an ideal 1031 exchange candidate or a high-yield anchor for a private fund.
?Contact our team today at 1-833-274-6706 (Option 1 - Daniel) for further questions and schedule a private acquisition tour
Property Facts
Amenities
- Bus Line
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
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Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00000635188000000 | Improvements Assessment | $1,478,090 |
| Land Assessment | $70,000 | Total Assessment | $1,548,090 |
Property Taxes
Parcel Number
00000635188000000
Land Assessment
$70,000
Improvements Assessment
$1,478,090
Total Assessment
$1,548,090
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5007 Ivy Ln - Multi Use Facility