616 5Th StGarland, TX 75040

For Sale
$1,880,000

12,540 SF Flex Space - Vacant, Ready to Occupy

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 12,540-square-foot flex space presents a rare investment opportunity in Garland, Texas, a highly desirable infill location within the Dallas-Fort Worth metroplex. Situated on a 0.48-acre lot at 616 N 5th St, 75040, this property boasts convenient access to Highway 78 via Walnut Street, placing it within easy reach of a major transportation artery. Built in 1974, the building features a two-suite design, easily adaptable for single-tenant occupancy through retrofitting. The asking price of $1,880,000 translates to a price per square foot of $150, significantly below replacement cost, making this an attractive proposition for both investors and owner-occupiers. The property benefits from a strong location, surrounded by numerous synergistic industrial buildings and serving a population exceeding 1,100,000 within a 10-mile radius. A recently installed sprinkler system ensures compliance with modern building codes, eliminating potential upgrade expenses. Currently vacant, this property offers the perfect opportunity to capture market rent rates or establish a thriving business in a prime location. The property is located between N First St and Glenbook Dr, just north of Walnut St.

Highlights

  • Rare Garland infill opportunity near Hwy 78.
  • $150/SF price below replacement cost.
  • Over 1.1M population within 10-mile radius.
  • Synergistic industrial neighborhood.
  • Two-suite design adaptable for single tenant.
  • Vacant; ideal for owner-occupancy or investment.

Property Details for 616 5Th St

Property type
Other industrial properties, Flex space
Square Feet
12,540 SF
Year Built
1974
Lot Size (sq. ft)
20,909 SF

Location Insight

City
Garland
County
Dallas
State
Texas
Latitude
32.9198131
Longitude
-96.6356346
616 5Th St, Garland, Texas

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616 5Th St
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