
405 Exposition Way - 20+ Unit Development Opportunity
Land | 0.155 acres
Marketing description
A rare opportunity to acquire a strategically located urban infill development site in one of Dallas's most active redevelopment corridors. The property was previously permit-approved for an approximately 20-unit residential development, demonstrating that the building envelope, parking configuration, site access, and overall development concept successfully completed the City's review process. Buyers should independently verify the current status of permits and approvals with the City of Dallas.
A significant investment has already been made in architectural design, engineering, permitting, and pre-development planning — providing the potential to reduce entitlement timelines, lower soft costs, and accelerate project delivery compared with a typical raw land acquisition.
The site offers exceptional flexibility for today's market. A developer may elect to utilize the previously established development framework, or redesign the floor plans, unit mix, and overall product type to better align with current market demand, subject to City approval. The property is also situated within approximately one-half mile of DART light rail; under current City of Dallas parking regulations, minimum parking requirements may be reduced or may not apply to sites in proximity to transit. Buyers should independently confirm all applicable parking requirements and any available exemptions with the City of Dallas.
This offering is well suited for developers, builders, family offices, and investment groups seeking a high-density residential opportunity with meaningful pre-development value already in place.
Investment highlights
- Previously permit-approved for an approximately 20-unit residential development (buyer to verify current status)
- Qualified Opportunity Zone — an investment made through a Qualified Opportunity Fund and held 10+ years may be eligible for elimination of capital gains tax on that investment's appreciation (consult your tax advisor)
- Within ± 0.5 mile of DART light rail — City of Dallas parking minimums may not apply (buyer to verify)
- Previously approved building envelope, parking layout, site access and development configuration
- Extensive architectural, engineering and permitting work completed — potential to reduce entitlement time, soft costs and execution risk versus raw land
- Flexibility to redesign the project or adapt the unit mix to current market demand, subject to City approval
- Suited to condominium, townhome, multifamily or other residential concepts, subject to approvals
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