Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1983
Sq.Footage
56,236
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Concrete, Stucco
-
Parking
Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
2.32
-
Lot Size(square feet)
101,059
-
Property Type
Commercial Sale
-
Property Sub Type
Office
Price
-
Sales Price
$3,990,000
-
Tax Amount
$31,742
-
Financing Options
1031 Exchange, Cash, Conventional
-
Zoning
E - Neighborhood Commercial
-
Sq. Footage
56,236
-
Price/SqFt
$70
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
4
-
Accessibility Features
Accessible Entrance, Accessible Approach with Ramp, Accessible Doors, Accessible Elevator Installed, Accessible Hallway(s), Accessible Kitchen
-
Foundation Details
Slab
-
Sewer
Public Sewer
-
Tax Lot
2
-
Water Source
Public
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
Tarrant
Elementary School
Middle School
High School
Listing Courtesy of Daniel Resendez, Peak Results Realty
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
AGENT
Joe Boston
Call Joe today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
