1405 Cherry LnFort Worth, TX 76108

Property Details for 1405 Cherry Ln

Year built

1987

Lot size

0.48 AC

Property size (Sq ft)

2,323 SF

Property type

Parking lots & garages

APN

37238-1-1R

APU

3723811R

Description

This exceptional 0.512-acre commercial land parcel presents a unique investment opportunity in the thriving White Settlement area of Fort Worth, Texas. Located at 1405 S. Cherry Ln., zip code 76108, this property is zoned C-C - Corridor Commercial, offering significant flexibility for various commercial uses. The site currently features one existing building, although the exact square footage is not specified, allowing for potential redevelopment or expansion. The property's size allows for a minimum divisible space of 0 square feet and a maximum contiguous space of 22,302 square feet, providing adaptability for a range of business needs. This translates to a highly versatile space suitable for multiple tenants or a single large-scale operation. Situated in Tarrant County, this location benefits from excellent access to major transportation routes, ensuring high visibility and convenient access for customers and employees. The property's potential is further enhanced by its strategic location within a dynamic commercial corridor. This is an ideal opportunity for developers, investors, or businesses seeking a prominent location in a rapidly growing area of Fort Worth. The latitude and longitude coordinates are 32.745038, -97.4514394 respectively.

• CAP approach

  CAP return

  Valuation

  6%

  $940,763

  6.5%

  $868,397

  7%

  $806,369

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,055,862

  Geo Method

  $1,752,617

• Alternative Use

  Use

  Valuation

  Residential

  $732,525

  Hospitality

  $670,989

  Educational

  $558,255

  Medical

  $577,454

  Retail

  $868,397

Location Insight

City

White Settlement

County

Tarrant

State

Texas

Latitude

32.745

Longitude

-97.4514

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].