616 N 5Th St Garland, TX 75040
- Showrooms
- 12,540 SF
- 0.49 lot acres
Current Use by Public Records
- Showrooms
Property Details for 616 N 5Th St
- Year built
- 1974
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.49 lot acres
- Property size
- 12,540 SF
- Zone code
- Z109
- Property type
- Showrooms
- APN
- 26105500040030000
- APU
- 26105500040030000
Description
This exceptional 12,540-square-foot flex space presents a rare investment opportunity in Garland, Texas, a highly desirable infill location within the Dallas-Fort Worth metroplex. Situated on a 0.48-acre lot at 616 N 5th St, 75040, this property boasts convenient access to Highway 78 via Walnut Street, placing it within easy reach of a major transportation artery. Built in 1974, the building features a two-suite design, easily adaptable for single-tenant occupancy through retrofitting. The asking price of $1,880,000 translates to a price per square foot of $150, significantly below replacement cost, making this an attractive proposition for both investors and owner-occupiers. The property benefits from a strong location, surrounded by numerous synergistic industrial buildings and serving a population exceeding 1,100,000 within a 10-mile radius. A recently installed sprinkler system ensures compliance with modern building codes, eliminating potential upgrade expenses. Currently vacant, this property offers the perfect opportunity to capture market rent rates or establish a thriving business in a prime location. The property is located between N First St and Glenbook Dr, just north of Walnut St.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Garland
- County
- Dallas
- State
- Texas
- Longitude
- -96.6357
- Latitude
- 32.9198
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
