A RARE DEVELOPMENT JEWEL IN THE HEART OF OLD EAST DALLAS. This buildable, Wide, and Deep Prime Development Opportunity provides an extraordinary canvas for discerning multifamily, townhome, and institutional developers to build on. THIS OPPORTUNITY is strategically positioned OUTSIDE historic district constraints, yet bordered by prestigious Junius Heights and Munger Place. 5401 offers a balance of development freedom and community character. Townhomes and apartments line this street. Visionary developers can create luxury residences that honor the area's rich heritage while meeting modern market demands. LOCATION EXCELLENCE, only minutes from the transformative Columbia-Main Street redevelopment corridor. This is one of the largest developable parcels remaining in the coveted Old East Dallas area, surrounded by the charm and stability of historic districts without their restrictions. Residents will have quick 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. Once these are razed, the land will provide a clean slate for your vision. Capable developers can have this coveted opportunity. The right visionary developer will create something extraordinary in one of Dallas's most desirable emerging corridors. Prime development land of this caliber in Old East Dallas is scarce and moves quickly in today's market. Set up an accompanied tour today. All existing improvements are sold in as-is condition, with demolition performed by the purchaser.