FSBO
FSBO - For Sale
$590,000
For Sale by Owner
Listed 11 months ago
Land for Sale in Dallas, TX
5020-5022 Pershing St, Dallas, TX 75206
Built 1938
PropSlick Verified Data
Key facts & insights for this exact address
1938
Year Built
$8,521
Property Tax / yr
7,013 sf
Lot Size
Dallas
County
Key Facts
Property TypeLand
Year Built1938
Lot Size7,013 sq ft
Annual Property Tax$8,521
Property Description
INVESTOR OPPORTUNITY! Knox Henderson Full Duplex on 7009 sqft Lot. Selling for lot value. This investment analysis details a unique opportunity to acquire a 7,009 square foot lot with a full duplex and detached garage in the highly desirable Knox-Henderson area of Dallas, also known as Cochran Heights. This prime location, with its mix of charming historic homes and modern new construction, makes the property a versatile asset for a range of investment strategies. Cochran Heights is a vibrant, walkable neighborhood with a high-income, highly educated population of young professionals. The area's strong appeal is driven by its close proximity to acclaimed restaurants, cafes, boutiques, and entertainment venues on Henderson Avenue and Knox Street. The lot's size is a significant advantage, exceeding the city's minimum requirements for single-family development. Alternatively, for an investor with a higher risk tolerance and development experience, a ground-up development project offers the potential for maximum returns. The 7,009 sq ft lot is large enough to support a new, high-end single-family home. New construction in this neighborhood has commanded sales prices well over $1 million, with some reaching as high as $2.25 million, demonstrating the strong demand for new inventory.
Listing description provided by the property owner. PropSlick is not responsible for the accuracy of listing descriptions or any claims made by property owners. PropSlick operates as an advertising platform under 47 U.S.C. 230. Report discriminatory content.
Amenities and Features
Air Conditioning
Heating
Property Location
Map shows approximate location. Exact address provided to serious inquirers upon contact.
Property Research
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