2512 HEMPHILL STREET, FORT WORTH, TX 76110

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Homes for sale in 76110.


2512 Hemphill Street

Fort Worth, TX 76110

Status of the property has changed, please contact for details

List Price$1,700,000

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #20705113

8,100

Square Feet

1

Number of Units

Commercial

Type

About This Property

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.

Property Features

Location Information

County

Tarrant

Subdivision

Hodge C T Add

Interior Features

Has Fireplace

No

Tenant Pays

All Utilities, Common Area Maintenance, Electricity

Heating

Natural Gas

Total Number of Units

1

Cooling

Central Air, Electric

Accessibility

Accessible Doors, Accessible Entrance

Floors

Concrete

Exterior Features

Construction

Brick

Lot Size in Sq. Ft.

14,549

Foundation

Slab

Possible Best Use

Office, Place of Worship, R

Roof

Flat, Synthetic

Zoning

E - Neighborhood Commercial

Water / Sewer

Electricity Connected, Natural Gas Available, Sewer Available, Separate Meters, Water Available

Building Total Area (Sq. Ft.)

8,100

Utilities

Electricity Connected, Natural Gas Available, Sewer Available, Separate Meters, Water Available

Road Description

City Street

Parking Description

Concrete, Direct Access, On Site, Paved, On Street

Is One Story

No

Lot Size in Acres

0.334

Additional Information

Year Built Details

Preowned

Status

Active

Property Type

COM

Tax Annual Amount

16107.0

Property SubType

Retail

Community Features

Curbs, Sidewalks

Year Built

1960

Lot Acres Source

Public Records

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Mortgage Calculator

$7,938

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$6,126

Monthly Tax

$1,416

Monthly Insurance

$396

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

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