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801 W Palestine St 6,150 SF 100% Leased Retail Building Hutchins, TX 75141 $2,337,000 ($380/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Retail Opportunities: One of the few retail shops in the area with 21 development projects projected
- Accessibility: Near major highways, I-45 and I-20.
- Education: The area is part of the Dallas Independent School District (DISD), with Wilmer Hutchins Elementary and High School located within 1 mile.
- Civic Development: A new City Hall, located just 0.2 miles from the property, is currently under construction and scheduled for completion in Q4 2025.
- Residential Development: Southaven by LGI Homes is currently under construction across the street, featuring approximately 700+ new homes.
- Future Development: A 37,250 Recreation Center & Library has been approved for development just across the property.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
6,150 SF
Building Class
C
Year Built
1963
Price
$2,337,000
Price Per SF
$380
Cap Rate
7%
NOI
$163,632
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.53 AC
Zoning
LR
PROPERTY TAXES
| Parcel Number | 30009500060090200 | Improvements Assessment | $594,500 |
| Land Assessment | $80,500 | Total Assessment | $675,000 |
PROPERTY TAXES
Parcel Number
30009500060090200
Land Assessment
$80,500
Improvements Assessment
$594,500
Total Assessment
$675,000
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801 W Palestine St
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