6612 Midway RoadSpringtown, TX 76082

Description

When opportunity knocks....open the door. Incredible investment opportunity. Unrestricted, commercial income-producing acreage with multiple varied streams of revenue and flexible opportunities for continuing development. Located outside city limits in unincorporated county on busy Midway Rd with sustained vehicular traffic, this property provides substantial and continuous advertising exposure. The property is mixed commercial and residential of 1.31 acres with several existing structures. Leased 840 square foot remodeled and updated residential cottage home could also serve as a business office. 50 self-storage units provide stable income offset with an opportunity for additional units to be installed. Huge 7,000 square foot warehouse with 14 foot high doors, which open to a 24 foot opening width, is currently vacant and provides flexibility for a potential owner-operator to base a commercial trade or service business, or an investor to lease for additional investment income. This unique property provides an existing base of immediate proven income production, as well as the room and flexibility to continue to optimize the property with additional enhancements to increase and maximize income. Abundant existing space on lot for both open and covered vehicle parking. 450+ feet of Midway Rd frontage partially security fenced and ready for a security gate to complete. The property features a well and septic. Located just off Hwy 199 between Azle and Springtown, this area is experiencing rapid growth which provides an incredible potential investment opportunity for both sustained demand for lease options, as well as incredibly potential increased valuation.

Property Information

Property type

Commercial Sale

Sub-type

Warehouse

Stories

1

Building area

7,000 Sq Ft

Lot size

1.31 acres

Days on market

41

MLS^® Listing#

21367271

Property Features

Cooling

Ceiling Fan(s) · Electric · ENERGY STAR Qualified Equipment · Heat Pump · Other · None

Heating

Electric · ENERGY STAR Qualified Equipment · Heat Pump · Other · None

Flooring

Carpet · Ceramic Tile · Combination · Concrete

Parking

Additional Parking · Aggregate · Carport · Common · Concrete · Covered · Detached Carport · Enclosed · Gated · Gravel · Lighted · On Site · Open · Outside · Oversized · Parking Lot · RV Access/Parking · RV Garage · Secured · Storage · Varies by Unit

Lot features

Corner Lot

Construction

Metal Siding

Foundation

Slab

Roof

Metal

Security

Security Lights · Smoke Detector(s)

Utilities

Electricity Connected

Sewer

Septic Tank

Water source

Public · Well

Financial Details

Annual taxes

$6,995

Parcel number

R000039193

Directions

From Fort Worth, Hwy 199 North through Azle, Left on Midway Rd, 6612 on left, sign at property.