Southern Gateway Development

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Investment Overview

Marcus & Millichap is pleased to exclusively present for sale the Southern Gateway Development, a 2.98-acre mixed-use development opportunity located in the Oak Cliff urban submarket of Dallas, Texas. The subject property is spread across four parcels, located at 118, 132, and 140 East 12th Street and 875 South RL Thornton Freeway, Dallas, Texas 75203. With prime Interstate 35 East frontage, this trophy development opportunity features prime exposure to over 202,000 vehicles per day traveling directly to and from downtown Dallas. Additionally, the site is situated one exit from the new Southern Gateway Deck Park and connects to North Beckley Avenue, which feeds directly into the highly popular Bishop Arts District, as well as positioned directly across from the Dallas Zoo, which experiences over one millions visitors per year.

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.

Overall, the Southern Gateway Development offers a new developer the rare opportunity to acquire an assemblage of 2.98 total acres located within the rapidly transforming Oak Cliff submarket of Dallas, Texas. The property is currently zoned MU-1 for mixed-use development and is strongly positioned along major thoroughfare Interstate 35 East (I-35E), proximate to the new Southern Gateway Deck Park and situated as a southeast entrance to the widelypopular Bishop Arts District. The current zoning allows for a mixture of development uses including, retail, multifamily, and hospitality.