5353 Alpha Rd, Dallas, TX Office and Land Opportunity
Urban Infill Opportunity with Value-Add Near Galleria Mall
Marketing description
A ±1.5-acre site, which includes an income generating ±12,000 SF office building in a high-demand, high-density submarket. The property is currently zoned to allow office, retail or multifamily use, offering a range of development options. A developer can immediately begin a first phase of development on approximately one acre, while evaluating the office building acreage as a potential second phase. Alternatively, the office building can be repositioned with a light cosmetic update to align rents with market rates and achieve greater returns.
Investment highlights
The vibrant Galleria Mall area is positioned for significant growth as the redevelopment of the Dallas International District (formerly Valley View Mall) progresses, paving the way for exciting new development. The site is surrounded by a diverse mix of modern apartments, boutiques, shopping centers, and restaurants, catering to a wide range of tastes. With its prime location, excellent visibility, and strong walkability, the area offers substantial potential for a variety of development opportunities.
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