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Description

The Allen Multifamily Team is pleased to announce the exclusive listing of 7601 S. Polk St, Dallas, TX, 75232 8.26-acre parcel located in Dallas, Texas zoned Multifamily-2A.

7601 S. Polk St, Land Offering offers a new investor the unique opportunity to develop an affordable workforce housing community in a Qualifying Census Tract, in a market with an immediate workforce of over 1.3 million.

The immediate submarket is near the Dallas Distribution Center Corridor which has seen exceptional growth over the last couple of years, with average annual rent growth exceeding six percent for nine consecutive quarters pre-COVID. The Dallas Distribution Center Corridor is comprised of new warehouses, distribution, and fulfillment facilities throughout the I-20 & I-45 corridor the long list of companies includes but is not limited to Amazon, BMW, Whirlpool, Quaker Oats Foods, Wayfair, L’Oreal, Discount Tire, Chew and many others.

The property is being offered on an ALL CASH basis; buyers can pursue attractive, historic low-interest rates.

Highlights:

Rare 8.2654 Acres Zoned Multifamily-2A in Dallas TX

Affordable Workforce Housing Development Opportunity

Ability to Obtain Historic Low-Interest Rates

Located Near Paul Quinn College, 1.5 miles to I-20/I-45 Dallas Distribution Center Corridor, only 10 miles to Downtown Dallas

Potential to Develop 110 Units

Detail

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    Land Size
    8.26 acre

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