1301 Municipal Way Grapevine, TX 76051
- Office buildings
- 30,480 SF
- 1.72 lot acres
Current Use by Public Records
- Texas Best Home Improvement / Contractor
- Craig M. Powers - Realty Solutions of Texas LLC / Real Estate Agency / Real Estate Agent
- Edward Jones - Financial Advisor: Brad Storm, AAMS™ / Financial Consultant / Finance Broker
- JPAR - Grapevine / Real Estate Agency
- Edward Jones - Financial Advisor: David A Alvarez / Financial Consultant / Finance Broker
Property Details for 1301 Municipal Way
- Year built
- 2008
- Lot size
- 1.72 lot acres
- Property size
- 30,480 SF
- Property type
- Office buildings
- APN
- 16072P-1-1
- APU
- 16072P11
Description
This exceptional Class A office building, situated in the desirable Westlake/Grapevine submarket, presents a compelling investment opportunity. Boasting 30,480 square feet across two stories, this 2008-built property underwent a complete renovation in 2018, showcasing modern finishes throughout. The building features six suites, with a minimum divisible space of 245 square feet and a maximum contiguous space of 4,800 square feet. Currently, 7,403 square feet are vacant, offering immediate leasing potential. The property sits on 1.72 acres of land and includes ample surface parking, with limited covered parking also available, at a ratio of 3.2 spaces per 1,000 square feet. Conveniently located near SH 114/Main Street, it offers easy access to major thoroughfares like Hwy 121, 114, and 360, providing seamless connectivity throughout the DFW Metroplex. Its proximity to DFW International Airport, the Gaylord Texan Resort, and a vibrant array of restaurants, wineries, and entertainment venues adds significant value. A short walk to Grapevine Main Street and a short distance to the TEXRail Terminal further enhance its appeal. The building is zoned for office use and includes a single elevator, along with an 1876 square foot move-in ready spec suite and a newly finished breakroom for tenant use. Large windows provide excellent natural light and views.
Value Estimations
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,190,000 Current use
- RESTAURANT
- $2,455,000 Change: +12% Conversion: Moderate
- MEDICAL BUILDING
- $2,230,000 Change: +2% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Grapevine
- County
- Tarrant
- State
- Texas
- Longitude
- -97.0764
- Latitude
- 32.9261
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA