1237 Southridge CtHurst, TX 76053

This exceptional 13,111 square foot office park in Hurst, Texas, presents a compelling owner-user or add-value investment opportunity. Located at 1237 Southridge Ct, 76053, this single-story, 19-unit building boasts a diverse tenant mix within its 15 leases, currently operating at 66.6% occupancy (projected to be 100% by May 15, 2024). Built in 1985, the property features a mix of office sizes, ranging from smaller executive suites to larger multi-room spaces, all situated on a substantial 34,543-acre lot with ample parking (50 spaces). The property is zoned MU (Mixed Use), offering flexibility for future development. The current Net Operating Income (NOI) is $49,447, with a pro-forma NOI of $108,703, yielding a pro-forma cap rate of 8.39%. The asking price is $1,295,000 ($98.77/sq ft), significantly below replacement cost. Its convenient location off Bedford Euless Rd provides easy access to Hwy 183 and Loop 820, ensuring high visibility and accessibility. The property's strong historical rental income and potential for rental increases and utility recapture present a significant upside for the savvy investor. The fee-simple ownership structure offers complete control and long-term potential. This is a rare opportunity to acquire a well-maintained, income-producing asset in a thriving Mid-Cities location.