Address
6211 Northwest Highway, Dallas, TX
Price
$ 2,000,000
Property Attributes
- MLS#20570366
- TypeCommercial
- CountyDALLAS
- CityDallas
- NeighborhoodPreston Tower
- Zip75225
- StyleRetail
- Price$ 2,000,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2260
- Lot Size4.5 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
First time offered, prime retail space at the Iconic Preston Tower for sale. This space is the largest commercial space at the Preston Tower, and its the largest commercial space behind the Pink Wall. The 2260 sq. ft. space encompasses the entire east side first floor frontage with 90 feet of glass facing NW Highway. The space is currently divided into offices, and was last used as a title company. Multiple uses available, one of a kind location, the Preston Tower has the only commercial space behind the Pink Wall, where an estimated 2000 condos are within walking distance. Plenty of parking in dedicated commercial parking lot on the east side of the building. Lease value estimated at $80 psf, and using a 5% cap rate (considering the quality of Preston Center retail),sets value at 2.4 mil. Retail lease rates in Preston Center $100 psf and up for prime space.
| Price History | |
|---|---|
| 3/26/2024 | Listed $2,000,000 |
General Features
| Heating | Central |
|---|---|
| Cooling | Central Air |
| Utilities | All Weather Road,City Sewer,City Water |
| Ceiling Height | 8 to10 Feet |
| Possession | Closing/Funding |
| Roof | Built-Up |
| Year Built | 1965 |
| Tenant Pays | None |
| Business Type | Commercial,Deli/Catering,Gift Shop,Medical,Restaurant,Retail |
| Building Use | Office,Retail,Other |
| Will Subdivide | Yes |
| Gross Annual Expenses | 60000.00 |
| Property SubType | Retail |
| Subdivision Name | Preston Tower |
| Zoning Description | Commercial |
| County | Dallas |
| Property Type | Commercial Sale |
| Construction Materials | Brick |
| Year Built Details | Preowned |
| Status | Active |
| Directions | Use Your GPS |
| City | Dallas |
| Buyer Agent Compensation | 3 |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20570366 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
Interior Features
| Flooring | Tile |
|---|---|
| Total Stories | 27 |
| Total Units | 1 |
| SQFT Gross | 2260 |
| Lock Box Type | None |
Exterior Features
| Lot Size Source | Assessor |
|---|---|
| Parking Features | Parking Lot |
| Lot Size | 3 to < 5 Acres |
| Foundation | Pillar/Post/Pier |
| Lot Size Area | 4.5000 |
| Lot Size Units | Acres |
| Building Area Total | 2260.00 |
| Road Frontage Type | City Street |
| Lot Size Square Feet | 196020.0000 |
| Lot Size Acres | 4.5000 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 75225
Price
Visits
Year Built
© 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor NextHome Premier Choice shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real
