Wycliff Plaza Redevelopment

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Investment Overview

Marcus & Millichap is pleased to exclusively present for sale Wycliff Plaza Redevelopment, located at 1451 Wycliff Avenue in the Design District submarket of Dallas, Texas. The subject property features a 48,000-square-foot warehouse/ retail showroom building and is situated on 1.63 acres. This prime Design District-area asset is currently zoned Industrial Research (IR), which allows for a maximum build height of 200 feet. Located in the Design District, the subject property is proximate to multiple new vertical developments, including new Class A multifamily and hospitality sites. In addition to the convenient access to Interstate 30 East (I-35E), the subject property is located just minutes from major infill submarkets including the Medical District, Uptown, downtown, and many more. The subject property offers a rare opportunity to acquire a well-located asset in one of Dallas-Fort Worth's growing submarkets. 

The Dallas Design District is a vibrant neighborhood that showcases the pinnacle of artistic and cultural offerings, all nestled within a 37-acre, pedestrian-friendly district. Once exclusively designated for trade only showrooms, this area has naturally transformed, welcoming a fresh wave of retail establishments, restaurants, and apartment buildings that have sprouted alongside the enduring home-décor showrooms and warehouses that have long been a cornerstone of this neighborhood.

The Dallas-Fort Worth metroplex made headlines in 2023 as the fastest-growing region in the United States. This dynamic area has experienced a remarkable surge in its population, driven by significant corporate relocations and the presence of a substantial number of Fortune 500 employees. Notably, the U.S. Bureau of Labor Statistics has acknowledged Dallas-Fort Worth as a leading metropolitan area in the country for business expansions, relocations, and employment growth.

Overall, Wycliff Plaza Redevelopment offers a new investor or owner/user the rare opportunity to acquire a well-located asset in the Design District. This rare investment opportunity features 48,000 square-feet of improvements, located on 1.63 acres, making Wycliff Plaza one of the largest assets available on a single parcel available in the immediate submarket. The flexible Industrial Research (IR) zoning allows for a diverse scale of new developments with a maximum build height of 200 feet. In addition, the subject property features a recently completed survey and environmental study allowing for the opportunity for a smoother and more efficient acquisition process.