North Richland Hills

7301 NE Loop 820, North Richland Hills, TX 76180

  • 71,484 Square Feet
  • Land Office Hotel Commercial-Specialty
  • For Sale

Summary Description

NORTH RICHLAND HILLS AMENITIES

The offering, comprised of ±71,484 square feet of property on 5.076 acres, housed the North Richland Hills City Hall, Police Department and detention facility, administrative offices, council chambers and more.

With excellent highway exposure along the expansion path of NE Loop 820 and high barriers to entry, the current city hub is ideal for redevelopment as retail, restaurant, hospitality and/or Class A or B office uses. The offering also presents the option of acquiring five adjacent quarter acre residential lots to be combined with the 5.076 acre site, or to be subdivided and sold separately. In addition, the owners of additional same-size lots are prepared to discuss dispositions under acceptable terms.
The sale of the North Richland Hills municipal facilities presents investors with a rare opportunity to acquire property with superior interstate frontage in a densely-populated and highly commercialized area.

POTENTIAL USES

This property lends itself to a plethora of possibilities, whether mixed use in nature or strictly office or retail use. The eastern most portion of the facility, constructed in 1996, showcases a combination of upscale conference and training rooms and an abundance of built-out offices of varying sizes. Corporate users looking for high visibility and great ingress/egress will want to give strong consideration to this asset in order to capitalize on all of the attributes of the site. As well, the site will be high on the list of retailers looking for redevelopment opportunities. The existing demographics, traffic counts and access to the site point to a high realm of possibilities for retail uses for the site. The City of North Richland Hills will work diligently with prospective buyers to accommodate adaptive reuse opportunities.

NORTH RICHLAND HILLS OVERVIEW

Just minutes from Fort Worth and Dallas, North Richland Hills is the third largest City in Tarrant County with more than 66,000 residents, 1,200 businesses and 33 major employers. Named one of the 100 Best Places Live in the United States by Money Magazine, the city has an excellent blend of neighborhoods, parks, dining, shopping, office and manufacturing space. North Richland Hills is also noted for its low crime rate, award-winning school system, one of the best public libraries in the state, excellent healthcare facilities and nationally recognized parks and recreation program.

Price: $2,900,000.00

Lot Size: 5.076 Square Feet

Building Size: 71484 Square Feet

Area Available: 71,484 Square Feet

Features:

  • Superior Access
  • Upside Potential
  • Destination Trade Area
  • Dense Demographics

Property Experts

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