3434 7Th StFort Worth, TX 76107

Property Details for 3434 7Th St

Year built

1955

Lot size

0.16 AC

Property size (Sq ft)

2,310 SF

Property type

Office buildings

APN

1460-5-11

APU

1460511

Description

This 2,300 square foot storefront, located at 3434 W 7th St, Fort Worth, TX 76107, presents a unique investment opportunity. The single-story building, constructed in 1955, sits on a 6,900 square foot lot and is zoned E. The structure features masonry with siding, a composition roof, and central heating and air conditioning. Two restrooms are included. The property is currently in poor condition and requires renovation. Parking is provided by 3 to 4 covered spaces. The building is conveniently located a half block east of Montgomery Street, on the north side of West 7th Street, placing it in a high-traffic area with significant potential. The asking price is $550,000. Please note that mineral rights will be retained by the seller. This property is ideal for an investor looking for a renovation project with significant upside in a desirable Fort Worth location. The property's size and location offer considerable potential for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $636,394

  6.5%

  $587,440

  7%

  $545,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $416,648

  Geo Method

  $691,591

• Alternative Use

  Use

  Valuation

  Residential

  $728,426

  Hospitality

  $667,234

  Educational

  $555,131

  Medical

  $574,223

  Retail

  $863,537

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.7516

Longitude

-97.3683

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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