2805 8Th AveFort Worth, TX 76110

  • Retail space
  • 1,204 SF

Property Details for 2805 8Th Ave

Year built
1948
Lot size
0.14 AC
Property size (Sq ft)
1,204 SF
Property type
Retail space
APN
36910---22---23---20
APU
36910222320

Description

This exceptional 0.43-acre commercial land parcel presents a unique investment opportunity in Fort Worth, Texas. Situated at the highly visible southeast corner of the lighted intersection of 8th Avenue and Cantey Street, this property boasts a prime location with excellent visibility and accessibility. The site includes a 1,204 square foot stand-alone building currently occupied by a Flower Market, offering immediate income potential. The property's zoning designation is Light Industrial & Neighborhood Commercial, providing flexibility for a variety of uses. Built in 1948, the existing structure is situated on a 18,730 square foot lot within Tarrant County. Its strategic location places it directly across the street from a Fiesta Mart and just minutes from the Texas Christian University (TCU) campus, ensuring high foot traffic and strong potential for future growth. This property is ideal for investors seeking a well-located, income-producing asset with significant upside potential in a thriving urban area. The single-tenant occupancy simplifies management, while the prominent corner location ensures maximum exposure. This is a rare opportunity to acquire a well-positioned commercial property in a rapidly developing area of Fort Worth.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $275,134
    6.5%
    $253,970
    7%
    $235,830
  • Comparable approach

    Method
    Valuation
    Relative Method
    $158,364
    Geo Method
    $374,884
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $491,869
    Mixed-Use / Specialty
    $254,438
    Hospitality / Lodging
    $188,460
    Office
    $254,356
    Institutional / Educational
    $265,003
    Residential Income
    $310,054
    Multifamily
    $364,251
    Automotive / Energy
    $227,146
    Parking / Income-Based Land
    $77,028.90
    Restaurant / Food Service
    $135,265
    Healthcare / Senior Housing
    $259,513

Location Insight

City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.7112
Longitude
-97.3436
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,016
$37,500
$108,000
$145,500
-
$37,500
$108,000
$145,500

FAQs

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