3120 Al Lipscomb Way
Dallas, TX, 75215
$
1,300,000
Bedrooms--
Baths--
Monthly Estimate*
$
8,979
for $1,300,000. This building was built in 1935 on a lot size of 0.775.
3120 and 3126 Al Lipscomb Way offers an opportunity to acquire and reposition a highly visible commercial property in South Dallas, approximately two miles from Downtown Dallas and minutes from Fair Park, Deep Ellum, the Cedars and major transportation corridors.
The approximately 0.78-acre site contains two existing buildings totaling approximately 10,735 square feet, with approximately 150 feet of frontage along Al Lipscomb Way. The existing improvements and site configuration provide flexibility for adaptive reuse, redevelopment or repositioning for a variety of commercial and community-serving concepts, including professional office, retail, financial services, small-business incubation, nonprofit and community uses, subject to applicable zoning and approvals.
The property is positioned within a broader economic-development environment that may provide access to public and private redevelopment resources. Depending upon the project and investment structure, potential programs may include City of Dallas economic development incentives, TIF-related opportunities, New Markets Tax Credits, Opportunity Zone benefits, project-specific gap financing and other redevelopment assistance. All programs are subject to eligibility, underwriting and governmental approval.
The location provides immediate access to Interstate 30 and Interstate 45 and places the property near Fair Park, the Cotton Bowl, African American Museum of Dallas, Martin Luther King Jr. Branch Library and the ongoing public and private investment occurring throughout South Dallas and the Fair Park area.
With existing improvements, significant street frontage, proximity to Downtown Dallas and multiple potential redevelopment paths, 3120 and 3126 Al Lipscomb Way offers an opportunity for an owner-user, developer, investor or community-focused organization to establish a long-term presence in an evolving central Dallas market.
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Features
General
Heating
Other
Cooling
Other
Utilities
Asphalt
City Sewer
City Water
Concrete
Curbs
Electricity Available
Individual Water Meter
Sewer Available
Ceiling Height
8 to10 Feet
Possession
Closing/Funding
Roof
Asphalt
Year Built
1935
Business Type
Restaurant
Retail
Property Subtype
Retail
Subdivision Name
Bomars Grand Ave
Occupant Type
Vacant
County
Dallas
Property Type
Commercial Sale
Construction Materials
Block
Brick
Year Built Details
Preowned
Status
Active
Directions
The is located 1-quarter mile from Dallas Fair Park on Al Lipscomb Way and Medill St.
City
Dallas
Standard Status
Active
Listing Terms
Cash
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Interior
Flooring
Combination
Total Stories
1
Total Units
1
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Exterior
Lot Size Source
Assessor
Parking Features
Asphalt
Lot Size
.5 to < 1 Acre
Foundation
Slab
Building Area Total
10735.00
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* Excluded Features
List By
Marcus Nelson
Listing Agent
United Real Estate Frisco
Broker
Affordability Calculator
- Monthly Principal & Interest
- $8,979
- Monthly Property Taxes
- $1,178
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save
Nearby
Commerical listings in Dallas, TX
Average List Price
$1,555,407
Percent of Sale Price
20%
About Dallas, TX
1,325,420
Population
11%
Since 2002
$
49,155
Median Income
34.63
Median Age
28%
Households with Children
Trends Information provided by ATTOM Data Solutions.
288163
Elementary School
288375
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
8/30/2026
|
$1,300,000
|
-10.34%
|
Price Down
|
|
2/25/2025
|
$1,450,000
|
-6.45%
|
Price Down
|
|
7/14/2024
|
$1,550,000
|
-9.80%
|
Price Down
|
|
5/15/2024
|
$1,718,455
|
|
Listed Price
|