5401 Reiger Avenue, Dallas, TX 75214
Local realty services provided by:Better Homes and Gardens Real Estate Lindsey Realty
Listed by: gary foster214-763-5294
Office: briggs freeman sotheby's int'l
MLS#:21060857
Source:GDAR
Price summary
- Price:$650,000
- Price per sq. ft.:$405.49
About this home
5401 Reiger Avenue | .46 Acres of Prime Development Opportunity
In the distinguished tradition of Briggs Freeman Sotheby's International Realty, we present an
extraordinary development canvas that discerning multifamily, townhome and institutional
developers have coveted for years. This exceptional .46-acre parcel represents one of Old East
Dallas's most significant development opportunities—a rare find in a market where premium
land is increasingly scarce.
THE OPPORTUNITY: Strategically positioned outside historic district constraints while being
elegantly bordered by two prestigious historic neighborhoods, this property offers the perfect
balance of development freedom and established community character. The MF-2 zoning
designation opens the door to sophisticated townhome development, allowing visionary
developers to create luxury residences that honor the area's rich heritage while meeting modern
market demands.
LOCATION EXCELLENCE:
• Minutes from the transformative Columbia-Main Street redevelopment corridor
• One of the largest developable parcels remaining in coveted Old East Dallas
• Surrounded by the charm and stability of historic districts without their restrictions
• Prime access to Dallas's most sought-after urban amenities
DEVELOPMENT SPECIFICATIONS: The property currently features a 1,603 square foot
residence and a detached garage structure, providing a clean slate for your vision. All existing
improvements are sold in as-is condition, with demolition responsibility transferring to the
purchaser. We encourage all serious developers to conduct thorough due diligence to ensure
alignment with their specific project requirements.
For years, institutional investors and seasoned developers have recognized this property's
exceptional potential. Now, this coveted opportunity is available to the right visionary developer
ready to create something extraordinary in one of Dallas's most desirable emerging corridors.
Time-sensitive opportunity. Prime development land of this caliber in Old East Dallas is
exceptionally rare and moves quickly in today's market. Set up an accompanied tour today....
Contact an agent
Home facts
- Year built:1923
- Listing ID #:21060857
- Added:183 day(s) ago
- Updated:April 03, 2026 at 11:36 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
- Full bathrooms:1
- Living area:1,603 sq. ft.
Heating and cooling
- Cooling:None
Structure and exterior
- Year built:1923
- Building area:1,603 sq. ft.
- Lot area:0.46 Acres
- Lot Features:Interior Lot, Lawn, Level
- Architectural Style:Prairie
- Levels:1 Story
Schools
- High school:Woodrow Wilson
- Middle school:Long
- Elementary school:Lipscomb
Finances and disclosures
- Price:$650,000
- Price per sq. ft.:$405.49
Parking
- Garage:Yes
- Garage spaces:1
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