2512 Hemphill Street, Fort Worth, TX 76110 - MLS#20705113

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Debbie Waters

debbiewaters@ziglarrealty.com +1(972) 841-8461

$1,700,000

Est. payment - /mo

0.33 Acres Lot

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UPDATED:

08/17/2024 03:10 AM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Subdivision Hodge C T Add

MLS Listing ID 20705113

Total Fin. Sqft 8100

Year Built 1960

Annual Tax Amount $16,107

Lot Size 0.334 Acres

Acres 0.334

Property 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.

Location

State TX

County Tarrant

Zoning E - Neighborhood Commercial

Direction From I-35W. Take Exit 52A for Rosedale Street. Turn right onto Rosedale Street. Continue straight on Rosedale Street for about 1 mile. Turn left onto Hemphill Street. Continue straight on Hemphill Street for a short distance, and you should arrive at 2512 Hemphill St. on your right.

Interior

Heating Natural Gas

Cooling Central Air, Electric

Flooring Concrete

Heat Source Natural Gas

Exterior

Utilities Available City Sewer, City Water, Concrete, Curbs, Electricity Connected, Individual Gas Meter, Individual Water Meter, Sidewalk

Roof Type Flat,Synthetic

Garage No

Building

Foundation Slab

Structure Type Brick

Others

Ownership TMF Real Estate Investments, LLC

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Stephanie Bunn • Century 21 Mike Bowman, Inc.

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Debbie Waters

+1(972) 841-8461

Agent | License ID: 0623163

Agent License ID: 0623163