-- Mercer Company Commercial Real Estate has been retained to market 2451 N Stemmons Freeway, Dallas, TX 75207, a 42,700-square-foot flex building on 1.96 acres positioned directly on the I-35E (Stemmons Freeway) frontage road. The listing is led by Cole Brewton and Kyleb Howell, both Market Directors at Mercer Company.
The asset sits at the seam of three of Dallas' highest-demand employment districts — the Design District, the Dallas Medical District, and the Trinity corridor — a location profile that has become almost impossible to replicate as infill industrial land inside Loop 12 continues to be absorbed by higher-density redevelopment.
Contact Cole Brewton of Mercer Company for details:
The building splits into a 16,176 SF two-story office and showroom component and roughly 26,500 SF of warehouse and distribution space, giving a buyer unusual flexibility on how the property gets used. Improvements include:
- 18-foot clear height in the warehouse
- Dock-high and ramp loading
- 100% air conditioned, with 55 tons of HVAC
- 4000 amp electrical service
- 20 private offices, 4 conference rooms, 2 kitchen areas, and an outdoor patio
- 60+ parking spaces on a 1.96-acre site
- MU-3 zoning — one of Dallas' more permissive mixed-use designations
- Direct adjacency to the Trinity Strand Trail
- Freeway-facing signage — site supports maximum-code detached signage under Dallas Ch. 51A, Art. VII (subject to verification)
That combination supports a corporate headquarters, a regional showroom, a light manufacturing or fabrication user, or a last-mile distribution operator that needs to sit inside the core rather than outside it.
"You cannot rebuild this. A freeway-fronting industrial site with this much office finish, this much power, and MU-3 zoning this close to the Design District and the Medical District — that inventory is not coming back," said Cole Brewton, Market Director at Mercer Company. "Most of what we see trading in this corridor is a land play. This is a building that already works on day one, and it happens to sit on a piece of dirt that keeps getting more valuable."
The property's frontage on Stemmons Freeway delivers exposure to more than 215,000 vehicles per day, with immediate on-and-off highway access to the Dallas CBD, DFW International Airport, and the region's north–south freight spine.
Within a short radius of the site are some of the largest employment and demand drivers in North Texas: Parkland Memorial Hospital, Children's Health, UT Southwestern, the Infomart data campus, Dallas Market Center, and the hospitality cluster anchored by the Hilton Anatole and Renaissance Dallas.
The surrounding Design District has continued to pull high-income residential and creative-office demand toward the freeway edge, tightening the supply of legacy industrial product that hasn't yet been redeveloped or repriced.
The immediate submarket has stayed supply-insulated. New construction has averaged only about 120,000 SF annually over the past decade, with no meaningful projects currently underway. Asking rents in the surrounding office/flex submarket average roughly $26.00/SF, a discount to the broader Dallas metro benchmark near $32.00/SF — a cost advantage that has kept occupiers in the corridor even as pricing has climbed elsewhere in the metroplex.
Vacancy sits near 11.6%, elevated against a longer-run average closer to 7.5% following a modest wave of deliveries, but with no pipeline to absorb, fundamentals are expected to tighten rather than loosen.
"Supply-constrained is a phrase people use loosely. Here it's literal — there is no pipeline," said Kyleb Howell, Market Director at Mercer Company. "Buyers who understand the Design District and South Dallas story are not underwriting today's rent. They're underwriting what happens to a freeway-fronting asset when nothing new gets built for another five years."
2451 N Stemmons Fwy, Dallas, TX 75207 is available for sale. Pricing, offering memorandum, and tour access are available on request.
About the company: Mercer Company is a Dallas–Fort Worth commercial real estate brokerage advising private investors, family offices, institutional owners, developers, and industrial occupiers across the North Texas metroplex. The firm's industrial practice focuses on investment sales, landlord and ownership representation, tenant representation, and off-market acquisition and disposition strategies.
Contact Info:
Name: Cole Brewton
Email: Send Email
Organization: Mercer Company
Address: 2461 N. Stemmons Fwy, Dallas, TX 75207
Phone: 972-689-1130
Website: https://mercer-company.com/about-us/cole-brewton-2/
Release ID: 89198259
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