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Nick Van Der Gaast

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

$3,990,000

Est. payment - /mo

2.32 Acres Lot

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Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Subdivision Gramercy Place Add

MLS Listing ID 21424168

Total Fin. Sqft 56236

Year Built 1983

Annual Tax Amount $31,742

Lot Size 2.320 Acres

Acres 2.32

Property Sub-Type Office

Property Description

Gramercy is a four-story multi-tenant office building with approximately 56,236 SF located in East Fort Worth with quick access to I-30 and Loop 820. Its strategic central position offers rapid connectivity to Downtown Fort Worth, Arlington,Grand Prairie, and Dallas, making it an exceptionally convenient hub for a tenant's clientele base and an attractive draw from a tenant-retention standpoint.

The property offers strong in-place cash flow at roughly 75% occupancy. A previous remodel introduced key amenities including updated common areas, conference facilities, on-site fitness room and recent capital improvements that delivered modern software for tenant after-hours access via a mobile app alongside significant building system upgrades.

Offered strictly on an As-Is, Where-Is basis, Gramercy gives an incoming buyer a stabilized, income-generating asset with immediate upside through leasing the remaining vacant space and adjusting rents to market. Full due diligence package with P&L, capex records, and rent rolls available upon request.

Location

State TX

County Tarrant

Zoning E - Neighborhood Commercial

Direction GPS

Interior

Heating Central

Cooling Central Air, Electric

Flooring Carpet, Combination, Luxury Vinyl Plank, Varies

Heat Source Central

Exterior

Utilities Available City Sewer, City Water, Concrete, Curbs, Electricity Connected, Master Gas Meter, Master Water Meter, Phone Available

Roof Type Flat

Accessibility Accessible Approach with Ramp, Accessible Doors, Accessible Elevator Installed, Accessible Entrance, Accessible Hallway(s), Accessible Kitchen, Meets ADA Requirements

Garage No

Building

Foundation Slab

Structure Type Concrete,Stucco

Others

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Aerial Photo, Survey Available

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21424168

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

Listed by Daniel Resendez • Peak Results Realty

Nearby School & Business

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Nick Van Der Gaast

+1(817) 307-6521

Agent License ID: 0698764

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6815 Manhattan Boulevard Fort Worth, TX 76120

Nick Van Der Gaast

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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