2616 Commerce

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Investment Overview

Marcus & Millichap is pleased to present 2616 Commerce, a 15,869-square-foot asset located in the heart of the Deep Ellum neighborhood of Dallas, Texas. The subject property is proximate to the new Stack and Epic vertical mixed-use developments. The asset located at 2616 Commerce Street provides an investor or owner/user the incredible opportunity to be centrally located in Dallas' most popular and eclectic urban submarket. Deep Ellum features 60-plus restaurants, 50-plus bars, 25-plus live music and art venues, 30-plus shops and galleries, five craft breweries, and 100-plus painted murals throughout the district. Currently, the asset is being used as an event center which hosts various awards, parties, wedding ceremonies, etc. and rents parking from the adjacent lot owned by the city of Dallas. The asset also features two income-producing billboards on-site. The versatile asset and favorable zoning provides an incredible opportunity to serve multiple different uses including event center, retail, office, and live/work. In addition, 4,984-square-foot rooftop deck allows for phenomenal views of downtown Dallas.

Vertical development continues to drive greater density in Deep Ellum. Just a few blocks away is the newly constructed Epic development, featuring a 250,000-square-foot office building, a 310-unit apartment building, a 164-key hotel, and 42,000 square feet of retail. The Stack at Deep Ellum is located adjacent to the subject property and features 16-stories of mixed-use, comprised of 215,000 square feet of Class AA office and 15,000 square feet of retail. The Assembly, a new development coming from Sterling Bay is scheduled to deliver 412,000 square feet of office and ground floor retail is also located just a few blocks north. The subject property is within walking distance to local shops and restaurants, and over 30 live music venues, while being within close proximity to the Dallas Area Rapid Transit (D.A.R.T.) train system. Also, directly to the east, is Baylor Medical Center, including their new 300,000 square-foot office development, and Texas A&M School of Dentistry. The average household income exceeds $117,000 within a one-mile radius of the subject property.

Overall, 2616 Commerce, provides a new investor or owner/user the opportunity to be a part of the city of one of most progressive neighborhoods in the city of Dallas, from thriving small businesses to massive scale development projects. With close proximity to multiple new developments, the 15,869-square-foot asset, allows a new owner the opportunity to be strongly positioned to capture the rising rents and property values in this immediate submarket.