2118 E State Hwy 114

    Southlake, TX 76092
    • $1,650,000
    • STATUS: Active Under Contract
    • ON SITE: 116 days
    • MLS #: 14239567
    Under Contract
    $1,650,000
    • 0
      BEDS
    • 0.74
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    2019
    County:
    Area:

    School Ratings & Info

    Offered by Terry Reed of Preston Bend Real Estate.

    Description

    Investors Dream -property comes with a tenant who pays equivalent to a 7.25 cap rate. The construction will be completed summer 2020. Property sits on a busy thoroughfare off Highway 114 with 70,000 autos per day. The current owner will be the tenant. If buyer prefers to use for own purposes that can be done as well. The construction quality utilizes only the finest products to make this great facility. This has a superb use for a medical building as well as general office facility. The location is close to the Methodist Hospital. The average household income is 185k per year. This location also would be a great place for a pediatric clinic as it is also close to a new Children's hospital.

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    © 2020 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kimberly Davis Group, Keller Williams Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than The Kimberly Davis Group, Keller Williams Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2020-04-03T23:39:52.167.
    www.ntxpropertysearch.com/homes/101606826

    2118 E State Hwy 114 Southlake, TX 76092

    • Price: $1,650,000
    • Status: Active Under Contract
    • MLS #: 14239567
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.74
    Acres
    2019
    Built
    Neighborhood:
    Mesco Addition Blk 1 Lot 7R
    County:
    Tarrant
    Area:
    Southlake
    Property Description
    Investors Dream -property comes with a tenant who pays equivalent to a 7.25 cap rate. The construction will be completed summer 2020. Property sits on a busy thoroughfare off Highway 114 with 70,000 autos per day. The current owner will be the tenant. If buyer prefers to use for own purposes that can be done as well. The construction quality utilizes only the finest products to make this great facility. This has a superb use for a medical building as well as general office facility. The location is close to the Methodist Hospital. The average household income is 185k per year. This location also would be a great place for a pediatric clinic as it is also close to a new Children's hospital.
    Exterior Features

    Construction Materials Walls BrickCement Foundation PilingsSlab Parking Or Garage AttachedCommon LotFrontOpenRearSide Roof Metal

    Interior Features

    Ceiling Height 11 To 14 Feet Commercial Features Fire AlarmFire SprinklersSecurity Lighting Flooring ConcreteMarble Heating Central Air-ElecCentral Heat-Gas Sq Ft Building 4500 Sq Ft Gross 4500 Sq Ft Leasable 4500

    Property Features

    Building Area Source Owner Building Use MedicalOfficeOther Commercial Zoning C2 Construction Status New Construction - Incomplete Gross Annual Expenses 0 Gross Annual Income 0 Inclusions Building Only Lot Size Source Other Documentation Multi Zoning No Municipal Utility District No Net Annual Income 0 Possession 30-60 Days Property Type Com-Sale/Leaseback (Both) Tenant Pays All UtilitiesElectricGasSewerWater Utilities AsphaltCity SewerCity WaterConcreteCurbs Will Subdivide No

    Listing information © 2020 North Texas Real Estate Information System.


    © 2020 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kimberly Davis Group, Keller Williams Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than The Kimberly Davis Group, Keller Williams Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2020-04-03T23:39:52.167.
     
    The Kimberly Davis Group, Keller Williams Realty
    3600 Preston Road
    Plano TX, 75093
    Offered by Terry Reed of Preston Bend Real Estate.