116-118 W Irving Blvd - Storefront Retail/Office FOR SALE


Irving, TX 75060
$858,000 USD
214-545-6962
116-118 W Irving Blvd, Irving, TX for Sale
$858,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | 7.25% Cap Rate

116-118 W Irving Blvd
Irving, TX 75060


HIGHLIGHTS

  • Revitalized Heritage District Location: Situated in Irving’s walkable Heritage District, the property benefits from over $109 million in investments
  • Proximity to Heritage Park and DART Station: Steps from the newly renovated $6.5 million Heritage Park
  • Stable, Service-Oriented Tenancy: Fully leased to a Pilates studio and a vape shop, both on multi-year terms, WALT 2.96 Years
  • Walkable, Amenity-Rich Corridor: Located off Main Street, the site is surrounded by a dense mix of local restaurants, retailers, and more
  • Proven Municipal Commitment to the Area: The City of Irving has demonstrated long-term commitment to revitalizing the Heritage District

OVERVIEW

116–118 W Irving Blvd (the “Property”) is a two-tenant retail asset located in the heart of Irving’s revitalized Heritage District, a pedestrian-friendly, historically rich area in Irving, Texas. Originally built in 1959, the 2,850-square-foot property is fully occupied by two tenants: a Pilates studio and a vape shop. The vape shop is secured on a three-year lease, while the Pilates studio recently signed a five-year lease, resulting in a blended Weighted Average Lease Term (WALT) of approximately 2.96 years. Positioned just off Main Street, the property benefits from strong visibility and walkability in a growing corridor filled with locally owned restaurants, specialty retailers, and service-based businesses. The surrounding blocks have seen steady reinvestment and adaptive reuse activity, reflecting the city's broader commitment to revitalizing the district.

FOR SALE DETAILS

PRICE

$858,000 USD

PRICE/SF

$226 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

-

APN/PARCEL ID

32000500100240000

ASK ABOUT THIS PROPERTY

John David CobbEDGE Realty Capital MarketsMore Info
214-545-6962

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John David CobbEDGE Realty Capital MarketsMore Info
214-545-6962

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.