119 N Main Street

    Weatherford, TX 76086
    • $975,000
    • STATUS: Active
    • ON SITE: 101 days
    • MLS #: 14227512
    UPDATED: 30 min ago
    $975,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Offered by Ryan Zamarron of The Platinum Group Real Estate.

    Description

    This Professional Business Building has 25+ office spaces maintaining a regular 90%+ occupancy rate. This long-established bldg has been hosting local & national chains for decades. Located within the 1st block off the County Court House in Weatherford, this bldg is a prime location for small businesses to occupy. The bldg has several spaces with independent frontage access & exposure on the high-traveled sidewalks of historic downtown W'ford. Most tenants are long standing customers, several with 2-year leases & regularly renew. The bldg has several storage areas & a common conference room that could be repurposed to another leasable space. Year 2020 projected Cap Rate is 7% with established rate increases.

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    © 2020 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Chad Smith Team. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than The Chad Smith Team are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2020-02-25T22:40:50.5.
    www.dfwpowersearch.com/homes/101021883

    119 N Main Street Weatherford, TX 76086

    • Price: $975,000
    • Status: Active
    • Updated: 30 min ago
    • MLS #: 14227512
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    Neighborhood:
    Weatherford Original Town
    County:
    Parker
    Area:
    Parker County
    Property Description
    This Professional Business Building has 25+ office spaces maintaining a regular 90%+ occupancy rate. This long-established bldg has been hosting local & national chains for decades. Located within the 1st block off the County Court House in Weatherford, this bldg is a prime location for small businesses to occupy. The bldg has several spaces with independent frontage access & exposure on the high-traveled sidewalks of historic downtown W'ford. Most tenants are long standing customers, several with 2-year leases & regularly renew. The bldg has several storage areas & a common conference room that could be repurposed to another leasable space. Year 2020 projected Cap Rate is 7% with established rate increases.
    Exterior Features

    Construction Brick Construction Materials Walls BrickOther Foundation Slab Freight Doors No Dock Parking Or Garage NoneOn Street Road Frontage Type AsphaltCityFm RoadSidewalk Roof Other

    Interior Features

    Ceiling Height 8 To10 FeetOther Commercial Features Inside StorageMulti-UserSecurity SystemTelephone Energy Efficiency Electric Water HeaterGas Water Heater Flooring CarpetCeramic TileOther Heating Central Air-ElecCentral Air-GasCentral Heat-ElecCentral Heat-Gas Sq Ft Building 9943 Sq Ft Gross 9943 Sq Ft Leasable 0

    Property Features

    Alarm Or Security Type BurglarFire/SmokeMonitoredSmoke Detector Building Area Source Tax Building Use OfficeOtherRetail Commercial Zoning Commerc Construction Status Preowned Gross Annual Expenses 40872 Gross Annual Income 108900 Inclusions FurnitureLand & Improvements Income Expense Source Owner Lot Size Source Tax Multi Zoning No Municipal Utility District No Net Annual Income 68028 Possession Closing/FundingOther Property Type Com-Sale Proposed Financing CashConventionalOtherTrade/Exchange Special Notes Aerial Photo Tenant Pays Other Total Annual Expenses Include Common AreaElectricGasInsuranceMaintenanceSuppliesTaxesWater/Sewer/Trash Unexempt Taxes 22421 Utilities AlleyCity SewerCity WaterCurbsIndividual Gas MeterSidewalk Will Subdivide No

    Listing information © 2020 North Texas Real Estate Information System.


    © 2020 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Chad Smith Team. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than The Chad Smith Team are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2020-02-25T22:40:50.5.
     
    The Chad Smith Team
    1301 S Bowen Road Suite 125
    Arlington TX, 76013
    Offered by Ryan Zamarron of The Platinum Group Real Estate.