Remarks

First time offered, prime retail space at the Iconic Preston Tower for sale. This space is the largest commercial space at the Preston Tower, and its the largest commercial space behind the Pink Wall. The 2260 sq. ft. space encompasses the entire east side first floor frontage with 90 feet of glass facing NW Highway. The space is currently divided into offices, and was last used as a title company. Multiple uses available, one of a kind location, the Preston Tower has the only commercial space behind the Pink Wall, where an estimated 2000 condos are within walking distance. Plenty of parking in dedicated commercial parking lot on the east side of the building. Lease value estimated at $80 psf, and using a 5% cap rate (considering the quality of Preston Center retail),sets value at 2.4 mil. Retail lease rates in Preston Center $100 psf and up for prime space.

Details

MLS#: 20570366
Price: $2,000,000

Style: Retail
Sq Ft: 2260.00
Year Built: 1965

County: Dallas
Subdivision: Preston Tower