Fort Worth, TX 76112,5155 E Lancaster Avenue
$575,000
Est.Price: ?

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4,878 Sqft Lot

5155 E Lancaster Avenue Fort Worth, TX 76112

Est. payment /mo
SOLD DATE : 02/07/2023

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Key Details

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Subdivision M Garrison

MLS Listing ID 20202778

Sold Date 02/07/23

Total Fin. Sqft 2080

Year Built 1954

Annual Tax Amount $7,524

Lot Size 4,878 Sqft

Acres 0.112

Property Description

NN office space on high traffic E Lancaster Ave occupied by a national tenant offered at an 9.3% CAP. Tenant has occupied the property for nearly twenty years with a remaining 5yr lease renewal option. Tenant recently updated the exterior of the building including stucco, fresh paint, lighting and new signage. Very stable, professionally managed tenant. Located minutes away from downtown Fort Worth on the main road leading into the city center. Tenant is responsible for insurance, taxes and all repairs with the exception of the roof which is in good condition. There is an unoccupied office on the second floor with a separate entrance that provides the opportunity to potentially add additional income. Current survey in hand. This is one property where you don’t even have to remember you own, simply sit back and get a $4,250 check every month.

Location

State TX

County Tarrant

Zoning COMM

Direction Use GPS. Take I-30, take exit 21C onto Loop I-820 S. Take Exit 30B from I-820 S. Turn right on E Lancaster Ave. Destination will be on your right.

Interior

Heating Central

Cooling Central Air

Flooring Carpet

Heat Source Central

Exterior

Utilities Available City Sewer, City Water, Electricity Connected

Roof Type Flat

Garage No

Building

Foundation Slab

Structure Type Stucco

Others

Ownership Record

Acceptable Financing 1031 Exchange, Cash, Other

Listing Terms 1031 Exchange, Cash, Other

Financing Cash

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Tawnya Tyree • All City Real Estate, Ltd. Co.
Bought with Tawnya Tyree • All City Real Estate, Ltd. Co.

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Carol Butera, MRP

Agent | License ID: 804671

+1(469) 425-2227

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