2225 Haltom Rd, Haltom City, TX 76117

$1,600,000

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List Price
$1,600,000
MLS#
21411384
Status
ACTIVE
Type
Commercial
Subtype
CommercialSale
Year Built
1988
Construction Status
Preowned
Acres
1.23
County
Tarrant
City
Haltom City
Subdivision
BURKITT'S, G W SUBDIVISION

Property Description

Well-positioned multi-tenant retail investment opportunity on Haltom Road in Haltom City. The approximately 16,936 SF neighborhood shopping center is nearly 90% stabilized, offering investors an attractive combination of in-place income, established tenancy and additional upside through lease-up and future rent growth. The property is anchored by Bluebonnet Cafe, a long-standing and well-recognized local restaurant that has served the Haltom City community for more than 30 years. Its established history and local following provide the center with a recognizable anchor tenant and a level of tenant continuity that is increasingly difficult to replicate in neighborhood retail assets. Situated on approximately 1.23 acres along the established Haltom Road commercial corridor, the center offers strong street visibility, convenient ingress and egress, and ample on-site parking with more than 50 spaces. The multi-tenant configuration supports a variety of retail, restaurant, service and neighborhood commercial uses and benefits from its proximity to surrounding residential neighborhoods, employment centers and major regional thoroughfares. With approximately 90% occupancy, the property provides immediate cash flow while preserving value-add potential through the lease-up of remaining space, future rental increases and continued operational improvements. The combination of a stabilized tenant base, a long-standing anchor tenant, strong parking and a central Tarrant County location makes 2225 Haltom Road a compelling opportunity for investors seeking a neighborhood retail asset with both current income and future upside. Property is being offered as-is. Buyer and buyer's agent to independently verify all property information, including square footage, acreage, zoning, allowable uses, leases, occupancy, parking, operating expenses and financial information. Properties similar to this in Haltom City, rarely become available.

Additional Information

Unexempt Taxes
$29,612
Tenant Pays
AllUtilities
Lot Size
53,535
Flooring
Carpet, Combination, Tile
Foundation
Slab
Roof
Flat
Building Stories
1
Parking Garage
Asphalt, Common
Proposed Use
Food Service, Medical/Dental, Office, Restaurant, Retail
Inclusions
Building Only, Land & Improvements
Possession
CloseOfEscrow

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Scott Wooley from Chase Realty DFW. Contact: 817-237-7653

Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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