Description

4120 Colonial Avenue is a 1,529 SF industrial property for sale in Dallas, TX 75215. Its 2 grade-level drive-in doors give an owner-user or service operator direct access to a compact building with on-site parking.

Built in 1950 and renovated in 2020, the building sits on 0.136 acres and has concrete flooring and a slab foundation. The grade-level doors measure 10' x 10', a practical configuration for moving vehicles, equipment, or materials into the space. Covered and driveway parking complement the on-site lot, while city water, city sewer, and electricity are connected. Commercial zoning permits a range of uses, including automotive, warehouse, retail, service, and flex.

The infill location is just minutes from Downtown Dallas and near Interstate 45 and Highway 175. That access gives an occupier a base for work across Dallas while keeping the building, parking, and drive-in access together on a small lot. For an investor, the same location and range of permitted uses support a leasing approach directed at operators who need functional space rather than a larger industrial facility.

The asking price is $375,000, or $244.28 PSF. The property is presented with $23,085 in pro forma NOI and a 6.16% pro forma cap rate, positioning it for buyers weighing an income strategy against owner occupancy. The 1,529 SF of available space also gives an owner-user a defined building footprint to plan around; availability alone does not establish a move-in date. Review the Offering Memorandum and Sale Brochure for the next step.