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Nick Van Der Gaast

nick@nicksellsdfw.com +1(817) 307-6521

$999,900

Est. payment - /mo

1.31 Acres Lot

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Key Details

Property Type Commercial

Sub Type Warehouse

Listing Status Active

Purchase Type For Sale

MLS Listing ID 21367271

Total Fin. Sqft 7000

Annual Tax Amount $6,995

Lot Size 1.310 Acres

Acres 1.31

Property Sub-Type Warehouse

Property Description

When opportunity knocks....open the door. Incredible investment opportunity. Unrestricted, commercial income-producing acreage with multiple varied streams of revenue and flexible opportunities for continuing development. Located outside city limits in unincorporated county on busy Midway Rd with sustained vehicular traffic, this property provides substantial and continuous advertising exposure. The property is mixed commercial and residential of 1.31 acres with several existing structures. Leased 840 square foot remodeled and updated residential cottage home could also serve as a business office. 50 self-storage units provide stable income offset with an opportunity for additional units to be installed. Huge 7,000 square foot warehouse with 14 foot high doors, which open to a 24 foot opening width, is currently vacant and provides flexibility for a potential owner-operator to base a commercial trade or service business, or an investor to lease for additional investment income. This unique property provides an existing base of immediate proven income production, as well as the room and flexibility to continue to optimize the property with additional enhancements to increase and maximize income. Abundant existing space on lot for both open and covered vehicle parking. 450+ feet of Midway Rd frontage partially security fenced and ready for a security gate to complete. The property features a well and septic. Located just off Hwy 199 between Azle and Springtown, this area is experiencing rapid growth which provides an incredible potential investment opportunity for both sustained demand for lease options, as well as incredibly potential increased valuation.

Location

State TX

County Parker

Zoning Unincorporated

Direction From Fort Worth, Hwy 199 North through Azle, Left on Midway Rd, 6612 on left, sign at property.

Interior

Heating Electric, ENERGY STAR Qualified Equipment, Heat Pump, Other, None

Cooling Ceiling Fan(s), Electric, ENERGY STAR Qualified Equipment, Heat Pump, Other, None

Flooring Carpet, Ceramic Tile, Combination, Concrete

Heat Source Electric, ENERGY STAR Qualified Equipment, Heat Pump, Other, None

Exterior

Utilities Available All Weather Road, Asphalt, City Water, Electricity Connected, Outside City Limits, Overhead Utilities, Septic, Unincorporated, Well

Roof Type Metal

Accessibility Accessible Entrance

Garage No

Building

Lot Description Acreage, Corner Lot

Foundation Slab

Structure Type Metal Siding

Others

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, Lease Option, Texas Vet, USDA Loan, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, FHA, Lease Option, Texas Vet, USDA Loan, VA Loan

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21367271

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Marc Melhado • JPAR

Nearby School & Business

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Nick Van Der Gaast

+1(817) 307-6521

Agent | License ID: 0698764

Agent License ID: 0698764

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6612 Midway Road Springtown, TX 76082

Nick Van Der Gaast

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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