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Property Details:

County or Parish
Dallas
Lot Size
.5 to < 1 Acre
Lot Size (Acres)
0.7750
Lot Size Area
0.7750
Lot Size (Square Feet)
33759.0000
Zoning Description
PD 595 South Dallas Fair Park Special Purpose District

Interior Information:

Ceiling Height
8 to10 Feet
Heating
Other
Cooling
Other
Flooring
Combination
Stories Total
1

Exterior Information:

Lot Size
.5 to < 1 Acre
Acres
0.7750

Commercial Info:

Building Area Total
10735.00
Building Use
Restaurant,Retail,Other

Map

Flood information: FEMA National Flood Hazard Layer (NFHL). Coverage varies; no shading does not mean no flood risk. This map is informational, not an official flood determination for insurance or lending. Verify current maps at the FEMA Map Service Center.

MLS 20617628

3120 Al Lipscomb Way

Dallas, Texas
$1,300,000
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Type: Commercial Sale
Year Built: 1935
Remarks: 3120 and 3126 Al Lipscomb Way offers an opportunity to acquire and reposition a highly visible commercial property in South Dallas, approximately two miles from Downtown Dallas and minutes from Fair Park, Deep Ellum, the Cedars and major transportation corridors. The approximately 0.78-acre site contains two existing buildings totaling approximately 10,735 square feet, with approximately 150 feet of frontage along Al Lipscomb Way. The existing improvements and site configuration provide flexibility for adaptive reuse, redevelopment or repositioning for a variety of commercial and community-serving concepts, including professional office, retail, financial services, small-business incubation, nonprofit and community uses, subject to applicable zoning and approvals. The property is positioned within a broader economic-development environment that may provide access to public and private redevelopment resources. Depending upon the project and investment structure, potential programs may include City of Dallas economic development incentives, TIF-related opportunities, New Markets Tax Credits, Opportunity Zone benefits, project-specific gap financing and other redevelopment assistance. All programs are subject to eligibility, underwriting and governmental approval. The location provides immediate access to Interstate 30 and Interstate 45 and places the property near Fair Park, the Cotton Bowl, African American Museum of Dallas, Martin Luther King Jr. Branch Library and the ongoing public and private investment occurring throughout South Dallas and the Fair Park area. With existing improvements, significant street frontage, proximity to Downtown Dallas and multiple potential redevelopment paths, 3120 and 3126 Al Lipscomb Way offers an opportunity for an owner-user, developer, investor or community-focused organization to establish a long-term presence in an evolving central Dallas market.
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Listed by: Marcus Nelson
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Tony C Hager

Tony C Hager

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