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Available For Sale - Industrial , Warehouse

23,418 SF

AVAILABILITY DETAILS

Size
23,418 SF
Price/SF
N/A - Contact for Info
Listing ID
SA266889
Notes
You are invited to view this redevelopment opportunity in Fort Worth’s rapidly growing ‘Near Southside.’ The Katy Depot was first designed and constructed as a freight depot in 1909 for the MKT railroad headquarters out of Junction City, KS. It is located 2 blocks from the new South Main Corridor and directly across the street from the Bowery at Southside, which is under construction and set for delivery in Spring of 2019. Nearby employers are Cook Children’s Healthcare System, Texas Health Resources, Medical City Healthcare and the Williamson-Dickie Headquarters. This group of employers account for 40,000 day time jobs within the ‘Near Southside.’ The immediate area surrounding the Katy Depot is characterized by unique and authentic bars, breweries, restaurants, and live music venues.



The property contains a historic brick shell building on 1.791 acres with extensive road frontage on Vickery and Broadway. Zoning permits a variety of office, retail and multi-family use up to ten stories. The property is eligible for historic status. Due to the historic nature of the property, redevelopment utilizing federal and historic tax credits would offset approximately 45% of the renovation cost making redevelopment very cost effective. If historic status is obtained, it would permit the buyer to request a 10 year city tax exemption. The exemption would freeze the property tax assessment at current assessment levels before renovation is complete, helping lower operating expenses for the developer and tenant base.
Uses
Industrial
Warehouse

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Ryan Matthews, JLL