202 W Davis St 2,952 SF Office Building Mesquite, TX 75149 $549,900 ($186.28/SF) 9.16% Cap Rate
INVESTMENT HIGHLIGHTS
- Mesquite Downtown Square - Office/Retail
- 2023 update with wood-like plank, carpet, paint, break area, floorplan
- Includes all the parking spaces behind the building
- Great Location - Minutes to I-635, US 80 & I-30
- Tenant can stay or vacate - monthly rent - $4,612 plus property taxes
- Reception, 3 offices, conference, large open area & break area
EXECUTIVE SUMMARY
Description: Perfect location in the heart of Downtown Mesquite. Great Office-Retail location on the charming Mesquite Square. Lots of restaurants & attractions in walking distance – Dos Panchos Mexican, Bear Cave Coffee, Mesquite BBQ, Joe’s Pizza & Pasta, MVP Nutrition & Energy; plus the Mesquite Farmers Market, the Corner Theater, Happenings Special Events Venue, plus others. Easy access - only 1.2 miles from I-635 & 1.75 miles to US 80. Features: Warm Reception area, 3 Executive offices, Conf Room, Large open area (call center or bullpen), Nice Break area, Two restrooms. Plenty of parking in back and front - NOTE: The parking area in back is owned by the seller and is part of this listing. 2023 improvements - carpet, luxury vinyl plank, paint, break room, ceiling tiles, re-worked floor plan. Very nice office space. Don’t miss out on this opportunity to upgrade your office location. Currently leased for $4,612 monthly - tenant pays taxes. Tenant can vacate with notice or remain.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
2,952 SF
Building Class
C
Year Built
1939
Price
$549,900
Price Per SF
$186.28
Cap Rate
9.16%
NOI
$50,350
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,952 SF
Building FAR
0.38
Lot Size
0.18 AC
Zoning
CBD - Office - Retail
Parking
10 Spaces (3.39 Spaces per 1,000 SF Leased)
1 of 1
PROPERTY TAXES
| Parcel Number | 38000500230010200 | Improvements Assessment | $114,360 |
| Land Assessment | $46,520 | Total Assessment | $160,880 |
