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.