| CREOP

5300 Colonial Avenue in Dallas, Texas, presents a compelling investment opportunity with significant potential for development and appreciation. The property is zoned as "PD 595 NC," which is designated for Planned Development with a Neighborhood Commercial Base. This zoning allows for commercial development, and recent amendments have expanded its potential use to include multifamily development, specifically duplexes.
The site is generally level, with no significant elevation changes or visibility issues that could impede development. Public utilities, including electricity, sewer, and water, are readily available, making the site highly feasible for development.
There are no known entitlements, deed restrictions, or approved development permits, but substantial groundwork has been completed to facilitate future development. Current ownership has achieved preliminary plat approval and is actively working on finalizing engineering plans to obtain final plat and site plan approval for four duplexes before the property's sale. Significant investment has been made in the property to develop full construction plans, which have already undergone review by the City of Dallas.

U.S. Highway 175 is just one turn away, providing easy access to I-45, which allows for seamless travel north and south. This prime location offers two major highways for quick access to downtown Dallas, which is just a 10-minute drive away.
The surrounding area is undergoing significant revitalization and urban development, aligning with the City of Dallas's efforts to promote redevelopment. This trend may lead to reduced site development costs for entitlements and approvals compared to other suburban areas within the Dallas-Fort Worth Metropolitan Statistical Area (MSA). New residential and commercial developments are attracting more residents and businesses, contributing to economic growth in the area.
The ongoing revitalization efforts and the property's prime location offer substantial opportunities for value growth. The proposed duplex development at 5300 Colonial Avenue is well-aligned with current market trends favoring high-density residential projects. With its favorable zoning, completed preliminary work, and strategic location, the property offers significant potential for appreciation and development success.