$1,700,000
( )
 $9,652 forsale estimated payment Sourced by Back At You

2512 Hemphill Street , Fort Worth, TX 76110

Fort Worth, TX 76110

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Description

This street-front, high-traffic property on Hemphill St. has new lighting, electrical, plumbing, paint, polished concrete floors, and landscaping. It’s offer at an above market CAP rate of 6.52% in a NNN lease with annual escalations and two 36-month renewals positions this building as a prime investment opportunity at $1.7M. This 8,100 SF building hosts two offices, a breakroom, two ADA compliant bathrooms, a reception, and a 6,377 SF supply area fed by 120 208V 3 phase power. One new 10-ton HVAC and gas hot water heater was installed early 2022 along with the other interior MEPs. The TPO roof is in good condition. The 12 car parking lot and 2 street spaces is deal for last mile services. This cash flowing property delivers a good balance of financial stability and ample opportunity to obtain a higher yield with the current tenant, DashMart, a subsidiary of DoorDash, Inc., who is of great creditworthiness.

Details

Mls20705113
Listing TypeFor Sale
SubtypeResale
StatusActive
Year1960
Days On Site113
Listing Provided ByCentury 21 Mike Bowman, Inc. | Stephanie Bunn

Features

Sq Feet14,570
Storys2
Units1
ZoningE - Neighborhood Commercial
Acreage0.33

Market Activity 76110

All information provided by the seller and is deemed to be correct, but is not guaranteed. Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change.

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Listings Checked: 5 minutes ago
StateTX
CountyTarrant
CityFort Worth
Zip Code76110
AreaTarrant
Community NameHodge C T Add
Listing VS Median (in Hodge C T Add)
Price:
$1,700,000
low | high
Med:
$1,700,000
50% of Average
SqFt:
14,570
low | high
Med:
14,570
50% of Average
$ / SqFt:
$117
low | high
Med:
$117
50% of Average
On Site:
113
low | high
Med:
113.000000
100% of Average
Sourced by Back At You
Listing Updated: August 16, 2024 at 9:31:17 PM PDT