Office Space
1501 Norwood Drive Hurst, TX 76054
Details & Description
Price: $1,300,000
    Norwood Center is a 22,994 square foot building well positioned on an approximate two-acre plot for a potential redevelopment or value-add play. The Property is located on the northwest corner of Norwood Drive and Highway 183 (Airport Fwy) experiencing a staggering traffic count of over 150,000 vehicles per day. The Property is easily accessible with great visibility as you exit Highway183 at the Norwood intersection. It can be seen from all three streets surrounding the Property. Adjacent to the Property is a small office center followed by L.D. Bell High School, the only high school in the city. Less than 3 miles from the center is Northeast Mall, the city’s largest shopping center and only mall. Less than 1 mile away is Target, Walmart, Aldi and Tarrant County College. Residents north of the property pass through Norwood traveling to the nearest retail and shopping centers or to connect with Highway 183. Additionally, the site’s proximity to a network of interstates and highways provides easy access.
    Property Highlights
    Additional Photos
    Listing Agents
    Sam House

    O: 214-256-7171
    M: 817-944-6824
    shouse@nairl.com
    Lanie Richards

    O: 214-256-7187
    M: 817-691-7928
    lrichards@nairl.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1501 Norwood Drive

    Hurst, TX 76054

    Norwood Office Redevelopment

    Listing ID: 302099
    • 1501 Norwood Drive Hurst, TX 76054 | for Sale | Photo 1
    • 1501 Norwood Drive Hurst, TX 76054 | for Sale | Photo 2
    • 1501 Norwood Drive Hurst, TX 76054 | for Sale | Photo 3
    • 1501 Norwood Drive Hurst, TX 76054 | for Sale | Photo 4
    • 1501 Norwood Drive Hurst, TX 76054 | for Sale | Photo 5
    1501 Norwood Drive | for Sale | Thumbnail 1
    1501 Norwood Drive | for Sale | Thumbnail 2
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    1501 Norwood Drive | for Sale | Thumbnail 5
    Building Size: 22,994 SF
    Lot Size: 1.950 AC
    Land Size: 87,120 SF
    Building $/SF: $56.54
    Land $/SF: $14.92
    Price
    $1,300,000
    Property Highlights
    Attractive Redevelopment Play
    Priced Well Below Replacement Cost
    Located at Signalized Intersection
    Densely Populated Retail Corridor
    Strong Demographics
    Highway Adjacent Positioning with High Visibility
    Adjacent to L.D. Bell High School - the City's Only High School
    Less than a Mile From Walmart, Target, Restaurants and Retail
    Closer Proximity to Nearby Residents V.S. Competitive Stack
    SALE CONDITION - AS-IS
    YEAR CONSTRUCTED - 1979
    Description

    Norwood Center is a 22,994 square foot building well positioned on an approximate two-acre plot for a potential redevelopment or value-add play. The Property is located on the northwest corner of Norwood Drive and Highway 183 (Airport Fwy) experiencing a staggering traffic count of over 150,000 vehicles per day. The Property is easily accessible with great visibility as you exit Highway183 at the Norwood intersection. It can be seen from all three streets surrounding the Property. Adjacent to the Property is a small office center followed by L.D. Bell High School, the only high school in the city. Less than 3 miles from the center is Northeast Mall, the city’s largest shopping center and only mall. Less than 1 mile away is Target, Walmart, Aldi and Tarrant County College. Residents north of the property pass through Norwood traveling to the nearest retail and shopping centers or to connect with Highway 183. Additionally, the site’s proximity to a network of interstates and highways provides easy access.

    Attachments & Files

    Traffic Counts

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Arlington History of Office Space for Sale

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    Hurst Area Market Trends

    Listing Demographics for 1501 Norwood Drive Hurst, TX 76054

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population12,662113,880248,711
    Population Median Age383939
    Population by Age0-9 Yrs2026 (16%)14053 (12%)31299 (12%)
    10-19 Yrs1596 (12%)14738 (12%)32280 (12%)
    20-29 Yrs1216 (9%)15216 (13%)31163 (12%)
    30-39 Yrs1808 (14%)15793 (13%)33091 (13%)
    40-49 Yrs1693 (13%)14214 (12%)32428 (13%)
    50-59 Yrs1465 (11%)13097 (11%)33116 (13%)
    60-69 Yrs1360 (10%)13716 (12%)30685 (12%)
    70+ Yrs1499 (11%)13053 (11%)24651 (9%)
    Median HH Income$73,457$68,242$77,514
    Total Household Income< 24K579 (12%)4778 (10%)9320 (10%)
    25-49K974 (20%)10529 (24%)18745 (20%)
    50-74K832 (17%)8877 (20%)16968 (18%)
    75-99K675 (14%)5907 (13%)12934 (13%)
    100-199K1415 (30%)10721 (24%)25800 (27%)
    200K+191 (4%)2893 (6%)8901 (9%)
    Highest Education LevelNo Diploma797619013203
    Diploma or GED21771682435846
    Some College21942048142918
    Assoc. Degree694790715229
    Bachelors Degree18421816242990
    Higher Degree833865621068
    Total Housing Units4,93046,75797,924
    --Owner-Occupied2,95624,14459,494
    --Renter-Occupied1,71219,56133,174
    Owner-Occupied Values< 100K20313243794
    100-199K1075817117979
    200-299K1182785818163
    300-399K33439528275
    400-499K10017355406
    500K+6111045878
    Total Working Age Population9,62189,841196,143
    In Work Force6,63261,011135,558
    Not In Work Force2,98928,83060,585
    Workforce Employed6,46558,841130,177
    Workforce Unemployed1672,1585,308
    Civlian Workforce6,63261,000135,485
    Military Workforce01173
    Total Households4,66843,70592,668
    Family Households3,08528,58264,688
    Non-Family Households1,58215,12327,980
    Married Couple2,37620,84049,123
    Other Family7097,74215,566
    Married w/Child1,0227,82119,091
    Single Male w/Child1177871,803
    Single Female w/Child2953,7216,384

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Texas20,851,820+2125,145,561+1829,677,668+1834,894,452
    Tarrant County1,446,219+251,809,034+192,143,755+172,507,170

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1501 Norwood Drive in Hurst?
    The asking price for 1501 Norwood Drive is $1,300,000
    What is the building size of this Office property in Hurst, TX?
    The size of the building/unit at 1501 Norwood Drive in Hurst is 22,994 square feet
    How much land does the Hurst, TX property at 1501 Norwood Drive include?
    1501 Norwood Drive in Hurst includes 1.950 acres of land
    What kind of Office is the propery at 1501 Norwood Drive?
    The property at 1501 Norwood Drive Hurst, TX 76054 is listed as a Professional Office property
    What is the population within 1 mile of 1501 Norwood Drive in Hurst?
    The population within 1 mile of 1501 Norwood Drive Hurst, TX 76054 is 12,662 people.
    Who do I contact for questions about 1501 Norwood Drive?
    You should contact the listing agent, Sam House, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Dallas Fort Worth International Airport (DFW) 8
    Dallas Love Field (DAL) 18
    Sheppard Air Force Base-Wichita Falls Municipal Airport (SPS) 110
    Price
    $1,300,000
    Listing Agent
    Listing Co-Agent
    No Image Available

    Lanie Richards

    NAI Robert Lynn
    More listings from Sam House
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