5155 E E Lancaster Avenue

5155 E E Lancaster Avenue
M Garrison
Fort Worth, Texas. 76112
$575,000.00
Summary
Building SqFt: 2,080 / Assessor
Gross SqFt: 2,080 / Assessor
$/Gr SqFt: $276.44
Zoning: COMM
# Units:1
Stories:
Year Built: 1954 / Preowned
Unexempt Taxes: $7,524
Leasable SqFt: 1,500
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.

Property Information
Pool:
No
Handicapped Accessible:
Yes
Home Owner's Association:
No
Parking:
Directions:
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.
Possession:
Closing/Funding,Lease Outstanding
Showing:
Appointment Only,Call Listing Agent
Property Detail
Flooring:
Carpet
Ceiling Height:
8 to10 Feet
Accessibility:
Accessible Entrance
Heating / Cooling:
Central
TransactionIncludes:
Land & Improvements
Construction:
Stucco
Roof:
Flat
Foundation:
Slab
Garage / Parking:
Off Street,On Site
Buildings:
0
Utilities:
City Sewer,City Water,Electricity Connected
Listing Information
MLS #:
20202778
Buyers Agent:
Kimball Real Estate
Listing Agent:
Tawnya Tyree
 
(817) 991-2382
Listing Office:
All City Real Estate, Ltd. Co.
 
- - - Information herein deemed reliable but not guaranteed - - -
All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kimball Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

  

Kimball Real Estate

REALTORS®  -  Broker of Record: Mary Jo Thomas Kimball (License Number 172054)

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