Dallas, Texas Commercial Building For Sell.

[Stephen Salerno]

Dallas, TX 75206 is a 3,500 sq ft free standing, 2 story Commercial Office Building Zoned CR - Community Retail District (this is the type of zoning you want for this type of building and use). This building has been FULLY renovated and upgraded both cosmetically and with regard to electrical, wiring, fiber cable, super high speed everything (package has breakdown of most of the specific upgrades but follow up if you need more information). Basically everything in this place has been updated to current or higher than needed standards to support any type of tenant office use (designed to handle the needs of the high tech audio and visual design company that the owner occupant of this building operated). The building will be vacant at closing, so a tenant does not come with the purchase of this property.

Pull it up on a map but you will see it is in a very desirable location for commercial/office use. Just one building off Mockingbird in between 75 and Greenville. Diagonal across the street from the Mockingbird DART station.

Just think of this building as a giant rental property with anticipated rental rate of between $23.00 per square foot (super low conservative for the quality and finish out of this building) - $27.00 per square foot (A Tenant with high tech needs would pay a premium because most office space does not have the features and capacity to handle those types of tenant use properly). @ $24.00 per square foot on a Lease agreement that would generate $84,000 per year. Typically with the type of Lease a Landlord and Tenant would enter into for a building like this the utilities and exterior upkeep would be at the expense of the tenant. Property Taxes and Insurance would be an expense incurred by the Landlord/Owner. Last page of the info package has breakdown of the Utility and Insurance expense for the last 3 years. Property Tax for 2013 is right at $10,000. 

Selling for $890,000. 

Call Stephen Salerno for more information and showings  

Stephen Salerno
Licensed Real Estate Agent #624451
NetWorth Realty of Dallas/Fort Worth# 587060

5057 Keller Springs Rd Suite 300
Addison , TX 75001
(214) 373-9000 Office
(214) 793-1246 Direct
(214) 373-0900 Fax