817-800-5058
515 Houston St, Fort Worth, TX for Sale
Office - FOR SALE
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515 Houston St
Fort Worth, TX 76102
Downtown Fort Worth


HIGHLIGHTS

  • Rare opportunity to acquire an historic 78% leased office building in the heart of downtown Fort Worth and Sundance Square
  • Stable income stream from CVS Pharmacy and other major tenants
  • Long-term value enhancement due to below market rates
  • Ability to add significant value by leasing the available space on the fourth, sixth and eight floors
  • State of the art technology infrastructure provides electricity savings
  • Nearby parking garages offer convenient and affordable parking options for tenants

OVERVIEW

Transwestern Fort Worth is pleased to present a rare opportunity to acquire the historic Sanger Brothers Office Building at 515 Houston Street, Fort Worth, Texas. This architecturally striking building sits on a 10,000 square foot parcel at the northeast corner of Houston Street and W. 5th Street and consists of approximately 85,329 rentable square feet. The 78% leased office building is in the heart of the Fort Worth Central Business District and adjacent to Sundance Square, the world renowned redevelopment of the northern portion of downtown. Major tenants include CVS Pharmacy, Lumen, Harrison Steck, Neel-Schaffer, among others. While a viable true investment property, there is adequate space available for occupancy by an owner/user with the entire fourth and eighth floor available. The building features up to 21,523 square feet of available space for lease including 8,953 square feet on the top floor of the building, recently finished out as an ultrahigh end spec suite. The Property, comprised of an eight-story, plus mezzanine level, basement and subbasement office building was designed by Wiley G. Clarkson and was constructed in 1924. The building originally housed the Sanger Brothers department store.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

STS Tower

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Telecom Hotel/Data Hosting

TOTAL BUILDING SIZE

-

STORIES

8

BUILDING CLASS

B

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,001 SF

ZONING

H

APN/PARCEL ID

00004456

ASK ABOUT THIS PROPERTY

Bill BehrTranswestern Real Estate ServicesMore Info
817-800-5058

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Bill BehrTranswestern Real Estate ServicesMore Info
817-800-5058

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