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Faits saillants de l'investissement
- Five-story building with mid-century modern architecture and flexible floor plans.
- Includes adjacent land parcels for parking or future development.
- Existing rooftop leases and JPMorganChase tenancy provide income potential.
- Returned to shell condition, ready for adaptive reuse or redevelopment.
- Located in a revitalizing district near Garland’s emerging downtown.
- Excellent visibility and accessibility from major corridors in Garland.
Résumé de l'annonce
The Draper at 111 South Garland Avenue presents a rare opportunity to acquire a boutique office building with historic significance in the heart of Garland, Texas. This five-story property offers a total of 39,159 square feet and sits on 2.45 acres across multiple parcels, providing flexibility for future development. The building has been returned to shell condition, creating a blank canvas for adaptive reuse as boutique hotel, urban apartments, or owner-occupied office space.
The property benefits from a mid-century modern design that allows for abundant natural light and open floor plans, with typical floor plates of approximately 5,956 square feet. The first floor is well-suited for retail, food and beverage, or entertainment uses, while the upper floors offer panoramic views of the surrounding area. Existing rooftop leases and a long-term tenant in JPMorganChase provide immediate income potential.
Located in a dynamic area undergoing revitalization, The Draper is positioned to capitalize on Garland’s resurgence, including a vibrant downtown and city-backed growth initiatives. Adjacent land parcels offer additional parking or development options, enhancing the property’s long-term value. This is an exceptional investment for buyers seeking a versatile asset in a growing market.
The property benefits from a mid-century modern design that allows for abundant natural light and open floor plans, with typical floor plates of approximately 5,956 square feet. The first floor is well-suited for retail, food and beverage, or entertainment uses, while the upper floors offer panoramic views of the surrounding area. Existing rooftop leases and a long-term tenant in JPMorganChase provide immediate income potential.
Located in a dynamic area undergoing revitalization, The Draper is positioned to capitalize on Garland’s resurgence, including a vibrant downtown and city-backed growth initiatives. Adjacent land parcels offer additional parking or development options, enhancing the property’s long-term value. This is an exceptional investment for buyers seeking a versatile asset in a growing market.
Faits sur la propriété
Type de vente
Investissement ou propriétaire utilisateur
Type de propriété
Bureau
Taille du bâtiment
39 159 pi²
Classe d’immeuble
B
Année de construction
1967
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
5 étages
Superficie de plancher typique
7 785 pi²
Dalle à dalle
10’
Coefficient d’occupation des sols de l’immeuble
0,20
Taille du lot
4,58 AC
Zonage
CA/A
1 1
Assez praticable à pied
50/100
Exceptionnellement facile d’accès en voiture
90/100
Transports en commun relativement accessibles
40/100
Assez praticable en vélo
30/100
Impôts fonciers
| Numéro de lot | 65015618210230000 | Évaluation des bâtiments | 1 701 036 $ CAD |
| Évaluation du terrain | 347 524 $ CAD | Évaluation totale | 2 048 561 $ CAD |
Impôts fonciers
Numéro de lot
65015618210230000
Évaluation du terrain
347 524 $ CAD
Évaluation des bâtiments
1 701 036 $ CAD
Évaluation totale
2 048 561 $ CAD
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Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
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Présenté par
The Draper | 111 S Garland Ave
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