Lancaster Spot | 3120-3122 E Lancaster Ave
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Lancaster Spot 3120-3122 E Lancaster Ave
1,500 SF Retail Building Fort Worth, TX 76103 £209,085 (£139/SF) 6.79% Net Initial Yield
Investment Highlights
- Minutes from Downtown Fort Worth with Downtown views
- Completed Renovated
- Zoned for multiple uses Retail, Office and Carlot
- Fronts Lancaster with 17,370 Cars per day
Executive Summary
For Sale $260,000 with an owner financing with $50,000 Down and balance at rate determined after review of buyers financials
See agent for details and qualifications and credit application.
Currently leased and please do not disturb the tenant. Also there is a Security Tenant in Place that has signed a 1 year lease at 1,500 a month plus NNN
Current Rent Break down :
Rent - $1,500.00 Per month / $1031.92 Rent / $210.83 Property Tax / $101.00 Property Insurance / $156.25 CAM
Also another building is up for purchase as a package and see agent for details.
https://youtu.be/DT5koHzrpkE
See agent for details and qualifications and credit application.
Currently leased and please do not disturb the tenant. Also there is a Security Tenant in Place that has signed a 1 year lease at 1,500 a month plus NNN
Current Rent Break down :
Rent - $1,500.00 Per month / $1031.92 Rent / $210.83 Property Tax / $101.00 Property Insurance / $156.25 CAM
Also another building is up for purchase as a package and see agent for details.
https://youtu.be/DT5koHzrpkE
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Tenants option to buy property
Property Type
Retail
Property Subtype
Building Size
1,500 SF
Building Class
C
Year Built/Renovated
1964/2022
Price
£209,085
Price Per SF
£139
Net Initial Yield
6.79%
NOI
£14,202
Tenancy
Single
Number of Floors
1
Building FAR
0.22
Land Acres
0.16 AC
Zoning
F-Moderate Intensity Comm - Zoned retail, office and for Car Sales. See City of Fort Zoning Chart
Frontage
81 ft on E Lancaster Ave
Amenities
- 24 Hour Access
- Corner Lot
- Storage Space
PROPERTY TAXES
| Parcel Number | 01517678 | Improvements Assessment | £17,437 |
| Land Assessment | £21,619 | Total Assessment | £39,055 |
PROPERTY TAXES
Parcel Number
01517678
Land Assessment
£21,619
Improvements Assessment
£17,437
Total Assessment
£39,055
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Philip Samples -
Colonial Commercial Real Estate, LLC
1 of 16
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Lancaster Spot | 3120-3122 E Lancaster Ave
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