1001 Grandview Ave, Dallas, TX 75223

Description

Attention BUILDERS, DEVELOPERS, INVESTORS, and RENOVATION BUYERS! This East Dallas corner lot offers a unique opportunity for renovation, redevelopment, or potential duplex development. Situated on a large 50’ x 145’ lot totaling approximately 7,267 SF, the property is located in a Planned Development District, offering potential flexibility for future use. The existing home features 3 bedrooms, 1.5 baths, high ceilings, brick exterior, laundry room, and flex room, with possible conversion to 2 full baths. Buyers may explore a full remodel within the existing footprint, with an estimated ARV of approximately $450K–$490K depending on scope, layout, finish level, and market conditions. The property also includes a second structure of approximately 880 SF, offering potential for renovation as an ADU, workshop, studio, guest quarters, home office, creative space, or additional storage.
Given the corner lot configuration and multiple duplex-style properties in the neighborhood, the site may also offer potential for a new duplex project, subject to zoning, permitting, design, and city approval. A completed duplex product could potentially achieve approximately $500K per side, depending on final size, design, finishes, parking, and market conditions. Minutes from Lower Greenville, Knox-Henderson, Deep Ellum, White Rock Lake, Lakewood, the Santa Fe Trail, and Downtown Dallas. Property is sold as-is and priced accordingly. Buyer and buyer’s agent to verify zoning, square footage, development potential, ADU-guest quarters use, permitting requirements, and city restrictions.