1119 South Riverfront, "Cedar West" Dallas 1119 S Riverfront Blvd Lot | Terrain commercial | 0,46 ha | À vendre | Dallas, TX 75207

The Cedars West area near Downtown Dallas is a prime area for investment and immediate use. The Property is priced for an all-cash sale at a competitive price which is lower than those seen in The Cedars area to the east and the areas to the north - Design District and Trinity Grove. The estimated population within a 2-Mile radius is 52,000. Currently major infrastructure efforts are underway in the immediate area. These include the following:
- IH 30 "Canyon" complete reconstruction from IH 35E on the west to IH 45 on the east;
- Riverfront Boulevard complete reconstruction from Cadiz Street on the south to the Dallas County Justice on the north at Commerce Street;
- three new bridges over the Trinity River Meanders on Cadiz Street and S. Riverfront Boulevard.
Once these and other road improvements on Riverfront and Corinth Street are completed the area will look very different with increased local traffic returning.
Location, Location, Location is often described as being of major importance in real estate. The ingress and egress to the Interstate Highway system are outstanding in all directions: IH 30 eastbound and westbound; IH 35E northbound and southbound. Additionally, the surface streets provide easy access to KBHCC, Downtown Dallas, and the surrounding neighborhoods. Because of its location near the Interstate Highways and Trinity River Floodway the property is well positioned for outstanding views in all directions and visibility from the traveling public. Today the property is priced at immediate area sales prices. These are much lower than those downtown and to the north and east. That is likely to change significant as these infrastructure projects and KBHCC are completed. Now is a good time to purchase this property and bring a project online at the same time.
Downtown Dallas and the Kay Bailey Hutchison Convention Center (KBHCC) are nearby with connections via Cadiz and Hotel Streets. The KBHCC Expansion is getting underway. All of these improvements are likely to cause substantially increased property values. One should not overlook the importance of this inner-city area at the present time. The KBHCC is the International Media Center for the FIFA World Cup taking place this Summer with nine of the World Cup matches taking place in DFW.
One or more of three old industrial buildings built in the 1940s on the property might be put to interim use. These might include artist, sculpture, and showroom design workspace; rustic entertainment, music, restaurant/bar; exercise and recreation activities; pet related activities and services; vehicle restoration and storage; ... For decades the property was operating as Industrial Electric Equipment Company which has been closed in recent years. This property has been in this same ownership for decades and is available for purchase as a whole only. Perhaps one might be able to assemble additional land or develop in conjunction with other area interests.