416 E Kennedale Pkwy Kennedale, TX 76060

Property Details for 416 E Kennedale Pkwy

Year built

1981

Lot size

0.44 lot acres

Property size

3,612 SF

Property type

Auto shops

APN

2930--32R

APU

293032R

Description

This exceptional 3,612-square-foot industrial building, situated on a 0.44-acre lot at 416 E. Kennedale Parkway in Kennedale, Texas, presents a compelling investment opportunity. Priced at $1,050,000, the property boasts a prime location just half a mile from the Kennedale Town Center, providing excellent visibility and accessibility. Its strategic positioning near major highways I-20 and I-820 ensures high traffic volume, exceeding 10,000 vehicles daily. Currently configured and grandfathered for auto body shop use, with existing leases securing income until mid-2026, the property offers immediate return on investment. However, its versatile design allows for adaptive reuse in various commercial applications, including retail, restaurant, or office spaces. Substantial renovations completed in 2016 encompass upgraded electrical systems, remodeled bathrooms, and improved office areas, ensuring the property meets modern standards. The building features seven bays and ample parking, further enhancing its functionality. The property benefits from a robust local market, characterized by a 7.75% annual population growth and a median household income of $117,293. Proximity to established businesses such as Advance Auto Parts and Texaco adds to its appeal. This combination of strong lease income, prime location, and significant growth potential makes this property an attractive investment for discerning buyers.