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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Subdivision Avalon Heights
MLS Listing ID 20164323
Sold Date 11/18/22
Total Fin. Sqft 1350
Year Built 1957
Annual Tax Amount $1,710
Lot Size 1,873 Sqft
Acres 0.043
Property Description
Calling all investors! This is an amazing Value-add property in the heart of Oak Cliff. This retail space was used and operated as a barbershop but can be used for many other purposes. The storefront is located right next to the crossroads of Hampton Rd and Illinois Ave receiving over 40,000 VPD. This is arguably one of the most traffic areas in all of oak cliff.
This property is currently not leased, but lease comps suggest this is a 7.7% - 8.0% Pro Forma Cap rate.
Location
State TX
County Dallas
Zoning Community Retail
Direction GPS will suffice
Interior
Heating Central
Cooling Central Air
Flooring Ceramic Tile, Wood
Heat Source Central
Exterior
Utilities Available City Sewer, City Water, Co-op Electric
Roof Type Metal
Parking Type Unassigned
Garage No
Building
Foundation Slab
Structure Type Block
Others
Ownership See Tax
Financing Cash
Special Listing Condition Aerial Photo
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Bought with Melissa Bui • RE/MAX Premier
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