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28254239
19742433

315 W Main St, Grand Prairie, TX 75050

Client Based Properties Inc
Listed by Client Based Properties Inc
$1,300,000
652 days on market
Updated 181 days ago

307-330 West Main St

Details
Property Type Mixed Use, Office (+2)
Sub Type Medical Office, Restaurant (+1)
Square Footage 6,284
Net Rentable (SqFt) 6,284
Units 5
Occupancy 32%
Tenancy Multi
Lease Type NNN
Lease Options Month/Month
Pro-Forma Cap Rate 6.69%
Pro-Forma NOI $86,926
Price per SqFt $207
Broker Co-Op Yes
Stories 1
Lot Size (SqFt) 19,560
Zoning Downtown
Parking Spaces 5 spaces
Parking Per SqFt 0.80
Investment Type Owner/User
Tenant Credit No Credit Rating
Ceiling Height 10
Loading Docks 1
Ownership Individual - Free & Clear
Sale Condition For sale by owner

Retail/Office | 6,284 SF w/ Side Door Drive Thru

Marketing description

Centrally located per 2019 Master Development Plan in Downtown Core Area - Fronting Main Street between the Grand Civic Plaza (under construction) and Grand Prairie City Hall. Two retail/office buildings (307-313 w/ 3,836 sq.ft. & 315 w/ 2,448 sq.ft.) with Side Door for Drive Thru plus street front parking and access drives to parking in rear. There is access to a City Parking lot on the south side of the property. Tenants (2 of 5 spaces) are on month/month leases and will be given a 60 day notice to vacate for the Sale. Total land for the two buildings is 19,560 sq.ft. See Development Plans on City Website - www.gptx.org.

Investment highlights

Centrally located for the multiple Downtown Activities during the year and County Court House. Storefront to the City Activities and main street traffic. Investor priced for leasing below market rentals. With City Planned re-development, the property would directly benefit from the exposure. The Side Door for Drive Thru, OH Door for delivery and Downtown Zoning allows a multitude of uses with no zoning change.

Listing Contacts

Client Based Properties Inc
Listed by Client Based Properties Inc

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