1557 Broad StMansfield, TX 76063

Property Details for 1557 Broad St

Year built

1988

Lot size

0.22 AC

Property size (Sq ft)

3,100 SF

Property type

Retail space

APN

38097-4-2BR1

APU

3809742BR1

Description

This exceptional 3,100 square foot office building presents a compelling investment opportunity in the thriving Mansfield, Texas market. Located at 1557 E Broad St, Mansfield, TX 76063, this well-maintained property, constructed in 1988, offers a unique blend of flexibility and potential. The building is divided into three separate units, providing versatility for diverse tenants or the possibility of owner-occupancy with rental income from additional spaces. Zoned F1, this property is ideally suited for office or office-related businesses. Its strategic location on East Broad Street ensures high visibility and convenient access for clients and employees. The property's strong position within an established commercial corridor promises a lucrative return on investment. This is a rare chance to acquire a high-potential asset in a rapidly growing area, offering a stable income stream and significant upside potential for the discerning investor. The property's excellent condition and prime location make it an attractive proposition for both owner-users and investors seeking a strategic addition to their portfolio. Don't miss this opportunity to capitalize on the growth and potential of the Mansfield commercial real estate market.

• CAP approach

  CAP return

  Valuation

  6%

  $854,200

  6.5%

  $788,492

  7%

  $732,172

• Comparable approach

  Method

  Valuation

  Relative Method

  $969,768

  Geo Method

  $2,338,835

• Alternative Use

  Use

  Valuation

  Residential

  $665,123

  Hospitality

  $609,249

  Educational

  $506,888

  Medical

  $524,321

  Retail

  $788,492

Location Insight

City

Mansfield

County

Tarrant

State

Texas

Latitude

32.5669

Longitude

-97.1206

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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