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Listing provided courtesy of Coldwell Banker Apex, REALTORS- MLS# 21065078MLS ProviderContact Information: Scott Hogg - 214-755-8201

5020-5022 Pershing StreetDallas, TX 75206

Vacant Land · 0.16 Acres
$590,000 Active

5020-5022 Pershing Street Overview

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INVESTOR OPPORTUNITY! Knox Henderson Full Duplex on 7009 sqft Lot. Selling for lot value. This investment analysis details a unique opportunity to acquire a 7,009 square foot lot with a full duplex and detached garage in the highly desirable Knox-Henderson area of Dallas, also known as Cochran Heights. This prime location, with its mix of charming historic homes and modern new construction, makes the property a versatile asset for a range of investment strategies. Cochran Heights is a vibrant, walkable neighborhood with a high-income, highly educated population of young professionals. The area's strong appeal is driven by its close proximity to acclaimed restaurants, cafes, boutiques, and entertainment venues on Henderson Avenue and Knox Street. The lot's size is a significant advantage, exceeding the city's minimum requirements for single-family development. Alternatively, for an investor with a higher risk tolerance and development experience, a ground-up development project offers the potential for maximum returns. The 7,009 sq ft lot is large enough to support a new, high-end single-family home. New construction in this neighborhood has commanded sales prices well over $1 million, with some reaching as high as $2.25 million, demonstrating the strong demand for new inventory.

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5020-5022 Pershing Street Facts & Features

  • Type Vacant Land
  • Lot 0.16 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Dallas ISD
  • Elementary School: Geneva Heights
  • Middle Or Junior School: Long
  • High School: Woodrow Wilson

Building Information

  • Year Built: 1938

Location/Region

  • Country: US
  • County Or Parish: Dallas
  • Postal City: DALLAS
  • Subdivision Name: Cochran Heights

Community/Development

  • Development Status: Zoned

Tax Information

  • Tax Annual Amount: 8553.0

General Information

  • Property Sub Type: Improved Land
  • Property Type: Land

Interior

General Information

    Exterior

    Lot Information

    • Lot Features: Interior Lot,Irregular Lot,City Lot
    • Lot Size Acres: 0.161
    • Lot Size Area: 0.161
    • Lot Size Dimensions: 50x127
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7013.16
    • Lot Size Units: Acres
    • Number Of Lots: 1
    • Water Source: Public

    Waterfront/View

    • Waterfront: No

    General Information

    • Sewer: Public Sewer
    • Utilities: Natural Gas Available,Sewer Available,Separate Meters,Water Available

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    5020-5022 Pershing Street Monthly Cost

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    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    5020-5022 Pershing Street Market Data

    Based on the last 30 days in this zip code

    $720,812
    Average List Price
    $367
    Average Price per Square Foot
    42
    Properties Sold
    77
    Average Days on Market
    267
    Properties for Sale
    Calculations provided by Reliance Network


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    Prosperity Home Mortgage, LLC

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