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New Construction
Address
2118 E State Hwy 114 Southlake, TX
Price
$ 1,650,000
Property Attributes
  • MLS#14239567
  • TypePending
  • CountyTARRANT
  • CitySouthlake
  • AreaSOUTHLAKE
  • NeighborhoodMesco Addition Blk 1 Lot 7R
  • Zip76092
  • StyleMedical,Office
  • Price$ 1,650,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4500
  • Lot Size0.74 Acres
Listing Provided Courtesy Of:
Terry Reed with Preston Bend Real Estate
Data Source:
NTREIS
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.

Price History
12/9/2019 Listed $1,700,000
3/30/2020 3% - $1,650,000

General Features

Building Use Medical, Office, Other
Ceiling Height 11 to 14 Feet
Commercial Features Fire Alarm, Fire Sprinklers, Security Lighting
Flooring Concrete, Marble
Heating Central Air-Elec, Central Heat-Gas
Listing Area SOUTHLAKE AREA (125)
Property Type Commercial
Stories 1
Sub Area SOUTHLAKE (1)
Subdivision Mesco Addition Blk 1 Lot 7R
Tenant Pays All Utilities, Electric, Gas, Sewer, Water
Type COM-Sale/Leaseback (Both)
Utilities Asphalt, City Sewer, City Water, Concrete, Curbs
Virtual Tour Url Unbranded https://www.propertypanorama.com/instaview/ntreis/14239567
Year Built 2019
Year Built Details New Construction - Incomplete
Zoning Commercial C2

Interior Features

# of Units 1
Living Area 4500
Sqft Building 4500
Sqft Leasable 4500

Exterior Features

Remarks 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
Construction Materials Walls Brick, Cement
Foundation Pilings, Slab
Inclusions Building Only
Lot Size Area 0.740
Lot Size Area 0.740
Lot Size Area (acres) 0.740
Lot Size Area (sq Ft) 32234
Lot Size Source Other Documentation
Lot Size Units Acres
Parking Features Garage-Attached, Common Lot, Front, Open, Rear, Side

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 76092

Price
AVG $1.14M
$1.65M
Visits
AVG 105
266
Year Built
AVG 2000
2019

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