3100 Persimmon Rd, Dallas, TX 75241

The Allen Multifamily Team is pleased to announce the exclusive listing of 3100 Persimmon Rd, Dallas, TX 75241, a 22.88-acre parcel located in Dallas, Texas zoned Multifamily-2A. Conceptual plans are designed to include 324 units and potentially two attractive ponds near the entry.

3100 Persimmon land offering offers a new investor the unique opportunity to develop an affordable workforce housing community in a Qualifying Census Tract, in a market with a immediate workforce of over 1.3 million. Conceptual plans in place offer residents spacious floor plans featuring 12 one-bedroom, 132 two-bedroom, 144 three-bedroom, and 36 four-bedroom units. The property is being offered on an ALL CASH basis; buyers can pursue attractive, historic low interest rates.

The immediate submarket is near the Dallas Distribution Center Corridor which has seen exceptional growth over the last couple of years, with average annual rent growth exceeding six percent for nine consecutive quarters pre COVID. The Dallas Distribution Center Corridor is comprised of new warehouses, distribution, and fulfillment facilities throughout the I-20 & I-45 corridor the long list of companies include but are not limited to Amazon, BMW, Whirlpool, Quaker Oats Foods, Wayfair, L’Oréal, Discount Tire, Chew and many others.

Rare 22.88 Acres Zoned Multifamily-2A in Dallas TX
Affordable Workforce Housing Development Opportunity
Conceptual Plans Designed for 324 Units
Ability to Obtain Historic Low Interest Rates
Located Near Paul Quinn College, 1.5 miles to I-20/I-45 Dallas Distribution Center Corridor, only 10 miles to Downtown Dallas