2512 Hemphill Street, Fort Worth TX, 76110

Active

2512 Hemphill Street

Fort Worth TX, 76110

$1,700,000

$209.88 per sqft

Active

8,100 sqft

Commercial

Built in 1960

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.

20705113

MLSⓇ ID

November 4, 2024

Updated

Map

2512 Hemphill Street
Fort Worth TX, 76110

Interior Features

Total Stories: 2
Floor Description: Concrete
Fireplace: No
Cooling: Yes
Cooling Description: Central Air, Electric
Heating: Yes
Heating Description: Natural Gas

Exterior/Building Features

Lot Size: 0.33 Acres
Roof: Flat, Synthetic
Sewer: Public Sewer

Other Property Details

Taxes: $16,107
Tax Frequency: Annually
Garage: No
Parking: Concrete, Direct Access, On Site, Paved, On Street
View: No
County: Tarrant
Water Source: Public
Pool: No

Listed by Stephanie Bunn with Century 21 Mike Bowman, Inc.
Listing Contact: 817-354-7653

The IDX display contains information sourced from the North Texas Real Estate Information Systems, Inc. as of 11/4/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 11/4/2024 at 8:43 PM UTC