Ivy Park South - 5016 McKinney (Land)_Property for Sale

5025 North Central Expressway, Dallas, TX, 75205, US

Ivy Park South - 5016 McKinney (Land)

Description

JLL is proud to offer an exceptional acquisition opportunity: a prime 1.08-acre

property located at 5016 McKinney Avenue in Dallas, Texas. This distinctive site

comprises 5 contiguous parcels, positioned advantageously just north of the

prestigious Knox district. Zoned PD 193 LC, the property presents a wide array of

development possibilities, encompassing multi-family residences, office spaces,

and hotel establishments. The site's development potential is further enhanced

by its generous allowances, featuring a maximum building height of 240 feet and

an approved floor area ratio (FAR) of 4:1, opening doors to substantial vertical

development opportunities.

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Attributes

Year built

1965

Building area gross

2,685 sm

Land area gross

0 sm

Media

Investment highlights

5016 McKinney Avenue boasts a strategic location in Dallas, offering unparalleled access to some of the city's most prestigious neighborhoods and retail destinations. Situated near the affluent Park Cities, the vibrant Knox District, and the exclusive Preston Hollow, the property is surrounded by areas with average home values ranging from $1 million to $2.9 million. Its proximity to premier shopping at Highland Park Village and Knox District, coupled with easy access to top-rated schools in Lakewood and the M Streets, makes it highly attractive to both residents and businesses. This prime positioning, particularly its closeness to executive housing areas, establishes Upper Knox District as an ideal choice for C-Suite professionals and companies seeking a prestigious address that seamlessly blends luxurious living with business convenience in the heart of Dallas.