1240 Hurst BlvdHurst, TX 76053

Property Details for 1240 Hurst Blvd

Year built

1961

Lot size

0.32 AC

Property size (Sq ft)

1,774 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

20860---------C2--20

APU

20860C220

Description

This exceptional 1,774-square-foot auto shop, situated on a 0.321-acre corner lot at 1240 W Hurst Blvd in Hurst, Texas (zip code 76053), presents a remarkable investment opportunity. Built in 1961, this single-story building boasts a highly desirable location on busy Hurst Boulevard, offering excellent visibility and accessibility. Its strategic proximity to Highway 820 ensures high traffic volume and convenient access for customers. The property features a well-designed layout, including a private office area, a front lobby with retail space, and a spacious warehouse area equipped with two functional bays, perfect for servicing vehicles or storing inventory. Additional features include a covered area and a fenced-in rear yard, providing ample secure space for outdoor activities or storage. The property's previous use as a motorcycle shop demonstrates its adaptability, making it suitable for a wide range of automotive-related businesses or other compatible uses. The asking price is $499,900. Two dock-high doors facilitate efficient loading and unloading. This property offers a blend of prime location, functional space, and significant potential for growth. Don't miss this chance to acquire a well-established commercial property in a thriving Texas market.

• CAP approach

  CAP return

  Valuation

  6%

  $366,655

  6.5%

  $338,451

  7%

  $314,276

• Comparable approach

  Method

  Valuation

  Relative Method

  $494,719

  Geo Method

  $1,338,417

• Alternative Use

  Use

  Valuation

  Residential

  $285,496

  Hospitality

  $261,513

  Educational

  $217,576

  Medical

  $225,058

  Retail

  $338,451

Location Insight

City

Hurst

County

Tarrant

State

Texas

Latitude

32.8093

Longitude

-97.2017

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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