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3101 Al Lipscomb Way
Dallas, TX 75215 South Boulevard-Park Row

$4,000,000 USD

Freestanding For Sale  •  26,530 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 26,530 SF
  • Lot Size 1.96 AC
  • Building Class C
  • Year Built 1966
  • Tenancy Multiple
  • Zoning CR
69 Transit Score
68 Walk Score

Highlights

Cash-Flowing Value-Add Opportunity - 26,530 SF Retail strip center located in the core of Dallas, just south of the historic Fair Park grounds
Extremely Rare Opportunity Zone Investment - Offers redevelopment potential with the option to acquire the adjacent ± 3.33-acre directly behind site
Significant Lease Repositioning Potential - 53.36% of tenants are on month-to-month leases, 91.78% on gross leases
Anchored by Credit Tenant - Family Dollar occupies 54.82% of the property, with a robust presence of ± 8,200 locations across the U.S.
Below Market Rental Rates - Currently at $7.68 PSF, offering a rare revenue opportunity growth to reposition leases to market rate
Income Tax-Free State - Ideal for 1031 investors seeking tax advantages.

Amenities

  • Pylon Sign

Public Transportation

Commuter RailDriveWalkDistance
8 min - 3.8 mi
12 min - 5.7 mi
Transit/SubwayDriveWalkDistance
MLK Jr (Green Line - Dallas Area Rapid Transit (DART)) 1 min 5 min 0.3 mi
Fair Park (Green Line - Dallas Area Rapid Transit (DART)) 2 min 12 min 0.6 mi
AirportDriveWalkDistance
Dallas Love Field 17 min - 7.8 mi
Dallas-Fort Worth International 32 min - 23.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 85
Type: Surface
Included in Rent: Yes
Cameron Deptula 214-497-0276 DB2RE Investment Sales
Cameron Deptula 214-497-0276 DB2RE Investment Sales