About 2118 E State Hwy 114
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.
Features of 2118 E State Hwy 114
| MLS® # | 14239567 |
|---|---|
| Price | $1,650,000 |
| Square Footage | 4,500 |
| Acres | 0.74 |
| Year Built | 2019 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Status | Pending |
Community Information
| Address | 2118 E State Hwy 114 |
|---|---|
| Subdivision | Mesco Addition Blk 1 Lot 7R |
| City | Southlake |
| County | Tarrant |
| State | Texas |
| Zip Code | 76092 |
Amenities
| Utilities | Asphalt, City Sewer, City Water, Concrete, Curbs |
|---|---|
| Garages | Common, Garage Faces Front, Garage Faces Rear, Garage Faces Side, Open |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central, Natural Gas |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
| Stories | 1 |
Exterior
| Roof | Metal |
|---|---|
| Foundation | Pillar/Post/Pier, Slab |
Additional Information
| Zoning | C2 |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Terry Reed |
|---|---|
| Office | Preston Bend Real Estate |