EXCELLENT LOCATION: Located on Gaston Ave, between N Peak St and N Haskell Ave, the Property sits on a major traffic artery in East Dallas. The area is quickly redeveloping with over 4,600 new multifamily, condo and townhome units in developments such as Alexan Ross, Encore Swiss Ave and Modera Hall Street, among others. The Property offers ease of access to the area’s major thoroughfares including U.S. Hwy 75, Interstate 45, Interstate 30 and SH 78.
PAD SITE: The Property is situated on 23,356 square feet which includes a ±10,500 square foot pad site which has strong visibility and excellent access. The liberal zoning allows for retail, restaurant, hotel, office, bank and multifamily uses.
EASILY CONFIGURABLE SPACE: The 4-unit loft-style condo complex is currently configured as 2 bedroom/2 bathroom units with attached 2-car garage parking. The existing double garage doors can be replaced with storefronts to accommodate retail rental space.
HIGH TRAFFIC COUNTS: With approximately 22,050 vehicles per day on Gaston Ave, and an additional 9,201 vehicles per day on N Peak St, the Property offers excellent exposure to vehicular traffic.
STRONG DEMOGRAPHICS: The area surrounding the Property has seen tremendous growth in the last decade. The population within a 1 mile radius of the Property saw 25.3% growth from 2010-2021. Additionally, the average household income within a 3 mile radius of the Property is $110,235.
MANY AREA TRAFFIC DRIVERS: The Property is just minutes from Downtown Dallas, Baylor University Medical Center, Deep Ellum and Dallas’ Uptown and East Dallas Neighborhoods.
