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
October 2, 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
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Data last updated on 10/2/2024 at 4:53 AM UTC