Investment Overview
Marcus & Millichap is pleased to exclusively present for sale 2824 Cole Avenue, a 1,327-square-foot retail asset located in the heart of Uptown Dallas, Texas. The subject property is situated on 0.15-acres and within minutes of Katy Trail. This subject property is surrounded by upscale multifamily, retail, and new developments, and boasts an average household income exceeding $152,000 Within a One-Mile Radius.
Uptown Dallas is currently experiencing an epic development phase, with multiple new vertical developments planned. New vertical developments along McKinney Avenue span from the Crescent up to Knox Place, with over seven million square feet in planned development needed to capture the rising demand for the Dallas-Fort Worth metroplex.
The city of Dallas has gained tremendous press lately with the recent introduction of the Texas Stock Exchange, which is backed by several Wall Street investment groups such as Black Rock, Citadel Securities, and many more. With the massive influx of corporate relocations of Fortune 500 companies and new residents, the city of Dallas is experiencing a tremendous and sustainable growth pattern.
Overall, 2824 Cole Avenue offers a new owner/user the rare opportunity to acquire a trophy asset in the heart of Uptown Dallas. The subject property features 1,327 rentable square feet of retail space, is situated on 0.15-acres, and includes 6 on-site parking spaces. There’s also potential to redevelop the property, making it an attractive investment opportunity in a submarket that boasts some of the highest rents in the metroplex for retail space.
