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701 Commerce St
Dallas, TX 75202
Downtown Dallas Hotel Conversion Opportunity · Bureau Bien À vendre
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- The property offers exceptional versatility in its design and zoning, making it ideal for future hotel use.
- While the interior has undergone extensive renovations, the historic character of the Katy Building has been meticulously preserved.
- State Tax Benefit: A 25% tax credit on qualified rehabilitation expenditures, applicable to projects exceeding $5,000 in costs.
- Developers have several concept options to explore, including luxury, lifestyle, upscale, boutique, or micro-hotel models, to suit market demands.
- For the financial analysis, HVS has projected 75 guestrooms, based on an assumed building allocation of 750 square feet per guestroom.
- Federal Historic Tax Credit: A 20% tax credit on qualified rehabilitation expenditures on federal income tax (with no limit).
Résumé analytique
For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=151548
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the exclusive opportunity to acquire the Katy Building, a historic Beaux-Arts architectural gem located at 701 Commerce Street. This distinguished property, perfectly positioned for redevelopment into a hotel, offers immense potential for future use. Located in Dallas’s West End Historic District, the property enjoys a prestigious position directly opposite the John F. Kennedy Memorial Plaza.
CALL-FOR-OFFERS DATE: THURSDAY, JUNE 26, 2025
All offers to purchase the hotel are due Thursday, June 26, 2025, by 5:00 PM CDT.??????? Please send proposals directly to HVS Brokerage & Advisory, c/o Eric Guerrerro, via email.
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the exclusive opportunity to acquire the Katy Building, a historic Beaux-Arts architectural gem located at 701 Commerce Street. This distinguished property, perfectly positioned for redevelopment into a hotel, offers immense potential for future use. Located in Dallas’s West End Historic District, the property enjoys a prestigious position directly opposite the John F. Kennedy Memorial Plaza.
CALL-FOR-OFFERS DATE: THURSDAY, JUNE 26, 2025
All offers to purchase the hotel are due Thursday, June 26, 2025, by 5:00 PM CDT.??????? Please send proposals directly to HVS Brokerage & Advisory, c/o Eric Guerrerro, via email.
Informations sur l’immeuble Sous contrat
Type de vente
Investissement
Type de bien
Bureau
Sous-type de bien
Bureau résidentiel
Surface de l’immeuble
5 214 m²
Classe d’immeuble
B
Année de construction/rénovation
1912/2015
Prix
7 885 980 €
Prix par m²
1 512,41 €
Pourcentage loué
100 %
Occupation
Multi
Hauteur du bâtiment
8 étages
Surface type par étage
652 m²
Coefficient d’occupation des sols de l’immeuble
3,79
Surface du lot
0,14 ha
Zonage
Central Area District 1 - Commercial
Caractéristiques
- Accès 24 h/24
- Installations de conférences
- Restaurant
- Signalisation
- Cuisine
- Espace d’entreposage
- Plug & Play
- Climatisation
Taxes foncières
| Numéro de parcelle | 00000100243000000 | Évaluation des aménagements | 2 015 306 € |
| Évaluation du terrain | 788 598 € | Évaluation totale | 2 803 904 € |
Taxes foncières
Numéro de parcelle
00000100243000000
Évaluation du terrain
788 598 €
Évaluation des aménagements
2 015 306 €
Évaluation totale
2 803 904 €
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