400 Singleton Boulevard, Dallas, TX 75212 For Sale

Marcus & Millichap is pleased to exclusively present for sale or ground lease 400 Singleton, a 0.64-acre mixed-used development opportunity located at 400-408 Singleton Boulevard in the heart of the Trinity Groves submarket of Dallas, Texas. The property is zoned PD 891, which allows for a multitude of mixed-use vertical development opportunities. The subject property is extremely well-located, among new developments and with immediate access to downtown Dallas through the Margaret Hunt Hill Bridge. This prime location provides a tremendous opportunity for a new developer to place their mark on of the most rapidly developing submarkets of urban Dallas.

The Trinity Groves submarket is ripe for new development and 400 Singleton is located at the heart of this transformation. The subject property is situated directly in front of Goldenrod Companies' new 45-acre master plan development, which includes millions of square feet of office space, approximately 1,000 hotel rooms, and over 5,000 new housing units. Additional developments in the immediate area include Stonelake Capital Partners' Trinity Green, a 24.8-acre site featuring approximately 1,169 new multifamily units, as well as Megatel Homes' new $1 billion dollar project, delivering thousands of new homes to the immediate area. The Trinity Groves submarket is also home to the well-known restaurant incubator concept, located directly across from the subject property, which is soon entering into it's next phase of development as well.

The city of Dallas has also gained tremendous press lately with the recent introduction of the Texas Stock Exchange, which is backed by several Wall Street investment groups such as Black Rock, Citadel Securities, and many more. With the massive influx of corporate relocations of Fortune recognized companies and job growth, this has driven a tremendous amount of new residents to the Metroplex, further driving the need for additional housing and retail establishments to sustain this increased demand. The Dallas-Fort Worth metroplex is widely considered one of the top commercial real estate markets in the United States and one of the fastest-growing submarkets in the entire country. Notably a top job market, the Dallas-Fort Worth metroplex features 24 Fortune 500 company headquarters, eight Fortune Global 500 headquarters, and 49 Fortune 1,000 headquarters. The Metroplex has also ranked as the top market for year-over-year job growth, adding over 132,000 jobs in the past 12 months, a 3.3 percent annual increase.

Overall, 400 Singleton presents a new developer the extremely rare opportunity to acquire a well-located 0.64-acre development site in the heart of the Trinity Groves submarket, with the ability to partake in the future upside of the vast wave of new developments coming to the immediate area. With favorable PD 891 zoning and prime access to downtown Dallas and additional major thoroughfares, this development opportunity presents a blank canvas for tremendous potential in the immediate future.