E Grand Redevelopment

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Investment Overview

Marcus & Millichap is pleased to exclusively present for sale E Grand Redevelopment, the 0.98-acre redevelopment opportunity located at 5219 East Grand Avenue, Dallas, Texas. The subject property features the rare opportunity to redevelop a site with prime Interstate 30 frontage, which has exposure to over 152,000 vehicles per day. This site is located within the rapidly transitioning submarket of East Dallas and is proximate to several major urban submarkets including, Lakewood, Deep Ellum, Old East Dallas, Fair Park, and more. The subject property also features direct access to Interstate 30, which allows convenient access directly to downtown Dallas, which is less than three miles away from the subject property. E Grand Redevelopment is currently zoned CS - Commercial Services, which allows for a multitude of new commercial uses, with a maximum build height of three stories above grade, or forty-five feet.

The Dallas-Fort Worth metroplex is widely considered one of the top commercial real estate markets in the United States and one of the fastest-growing submarkets in the entire country. Notably a top job market, the Dallas-Fort Worth metroplex features 24 Fortune 500 company headquarters, eight Fortune Global 500 headquarters, and 49 Fortune 1,000 headquarters. The Metroplex has also ranked as the top market for year-over-year job growth, adding over 132,000 jobs in the past 12 months, a 3.3 percent annual increase.

The city of Dallas has also 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 recognized companies and job growth, this has driven a tremendous amount of new residents to the Metroplex, further driving the need for additional housing and retail establishments to sustain this increased demand.