615 Wisteria St Mansfield, TX 76063-2432
- Warehouses
- 19,000 SF
- 2.75 lot acres
Oct 15, 2024
Current Use by Public Records
- Warehouses
Property Details for 615 Wisteria St
- Year built
- 2001
- Lot size
- 2.75 lot acres
- Property size
- 19,000 SF
- Property type
- Warehouses
- APN
- 47784-1-1
- APU
- 4778411
Description
This exceptional Mansfield, Texas industrial property presents a compelling investment opportunity for owner-occupants or investors. The property encompasses 19,000 square feet of warehouse space, strategically divided between two buildings. A 15,000 square foot building constructed in 2001 complements a newer 4,000 square foot addition completed in 2023, showcasing a blend of established infrastructure and modern updates. Recent renovations in 2023 further enhance the property's appeal. Situated on a generous 2.75-acre lot in the desirable Heritage Parkway industrial park, just off Highway 287, this location offers excellent accessibility and visibility. The property boasts six grade-level doors and three dock-high doors, facilitating efficient loading and unloading. A 21-foot ceiling height provides ample vertical space for storage and operations. The property also includes a fenced truck yard, enhancing security and operational efficiency. A new fire suppression system is currently being installed, adding another layer of safety and protection. While a 300 square foot accessory building and a separate storage building are present, they are not included in the stated 19,000 square foot leasable area. This presents a unique opportunity for expansion or the development of additional income-generating space. The asking price is $3,275,000, translating to $172.37 per square foot. This property offers significant potential for growth and return on investment.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $525,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $876,000
Market price range: $414k - $876k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $620,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $890,000 Change: +44% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Mansfield
- County
- Tarrant
- State
- Texas
- Longitude
- -97.1209
- Latitude
- 32.5561
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA