$ 1,650,000
2118 E State Hwy 114 Southlake, TX 76092
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$ 1,650,000
Est. payment | /mo
4,500 SqFt
$ 1,650,000
Est. payment | /mo
4,500 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Pending
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $366
Subdivision Mesco Addition Blk 1 Lot 7R
MLS Listing ID 14239567
Total Fin. Sqft 4500
Year Built 2019
Lot Size 0.740 Acres
Acres 0.74
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.
Location
State TX
County Tarrant
Zoning C2
Direction Northwest of DFW Airport on State Hwy 114
Interior
Heating Central, Natural Gas
Cooling Central Air, Electric
Flooring Concrete, Marble
Heat Source Central, Natural Gas
Exterior
Utilities Available Asphalt, City Sewer, City Water, Concrete, Curbs
Roof Type Metal
Garage Yes
Building
Foundation Pillar/Post/Pier, Slab
Others
Ownership MDP Southlake LLC
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Listed by Terry Reed • Preston Bend Real Estate