Not Found
Southlake, TX 76092 2118 E State Hwy 114
$1,650,000
Pending
Presented By: Terry Reed with Preston Bend Real Estate;
SQFT • 4,500
Garage • 1
Home Details
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.
Presented By: Terry Reed with Preston Bend Real Estate;
Interior Features for 2118 E State Hwy 114
Other Interior Features
SQFT Gross4500
Lock Box TypeNone
FlooringConcrete, Marble
Total Stories1
Total Units1
General for 2118 E State Hwy 114
Auction Y/NNo
Building UseMedical, Office, Other
Buyer Agent Compensation2.5
Buyer Agent Compensation Type%
Ceiling Height11 to 14 Feet
CitySouthlake
CoolingCentral Air, Electric
CountyTarrant
DirectionsNorthwest of DFW Airport on State Hwy 114
Gross Annual Expenses0.00
HeatingCentral, Natural Gas
Possession30-60 Days
Property SubTypeOffice
Property TypeCommercial Sale
RoofMetal
Security FeaturesFire Alarm, Fire Sprinkler System, Security Lights
Standard StatusPending
StatusPending
Subdivision NameMesco Addition Blk 1 Lot 7R
Tenant PaysAll Utilities, Electricity, Gas, Sewer, Water
UtilitiesAsphalt, City Sewer, City Water, Concrete, Curbs
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built2019
Year Built DetailsNew Construction - Incomplete
Zoning DescriptionC2
Exterior for 2118 E State Hwy 114
Attached Garage Y/NYes
Building Area Total4500.00
Construction Materials WallsBrick, Cement
Foundation Pillar/Post/Pier, Slab
Garage Y/NYes
Lot Size.5 to < 1 Acre
Lot Size Acres0.7400
Lot Size Area0.7400
Lot Size SourceOther
Lot Size Square Feet32234.4000
Lot Size UnitsAcres
Open Parking Spaces0
Parking FeaturesCommon, Garage Faces Front, Garage Faces Rear, Garage Faces Side, Open
Additional Details
Price History
Janie Cherry
Office Director / Realtor