FULLY LEASED, INVESTMENT PROPERTY .468 ACRES $595,000.00, CAP RATE 7.5% * PLUS LAND FOR EXPANSION 1 ACRE $705,000 * SOLD TOGETHER!! $1,300,000.00
TOTAL PROPERTY: 1.468 ACRES.
IMPORTANT FACTORS: THE LOCATION, SOUGHT AFTER, DESIRABLE CORNER OF DAVIS AND BANDIT TRAIL,
• A VERY UNIQUE VINTAGE OFFICE BUILDING, .468 ACRES, WITH NEW PARKING LOT: $595,000, ATTRACTIVE 7.5% CAP RATE! NAME BRAND TENANT.
5 YEAR LEASE WITH 2% INCREASES EACH YEAR, THE TENANT HAS (2) TWO, 5-YEAR OPTIONS TO RENEW @ MARKET RATE.
• LAND: $705,000 * TOTAL $1.3 MILLION
Property description: Unique beautiful property with plenty of parking, lovely grounds with trees! The property sits on 1.47 Acres. Zoned for General Office, or Office/ Medical Counseling. Unique office building with 1,947 RSF.
Private parking: 10 Free surface spaces are available; Ratio of 5.60* 1,000 SF
Office: Reception-Workstation with hardwoods, Conference-training room with hardwoods, 5 Offices, Kitchen, Storage, Break room, Restroom, RR closet-storage, Technology closet. The back door leads to the lovely, serene property. Roof: Recently replaced.
Private Parking lot: Recently updated for the city fire code of Keller, also newly required survey for the city of Keller.
Exterior: Building recently painted. EXCELLENT CORNER LOCATION ON DAVIS & BANDIT TRAIL! DO NOT DISTURB TENANT, CALL FOR TOUR!!
** Public Driving Directions: Use GPS, 768 Bandit trail @ Davis in Keller, TX. 76248 Close proximity to Southlake Blvd. and Colleyville. ** Metro Market, DFW, Submarket: Mid-Cities, Westlake - Grapevine *