3115 Erie StFort Worth, TX 76112

Property Details for 3115 Erie St

Year built

1962

Lot size

0.32 AC

Property size (Sq ft)

6,440 SF

Property type

Office buildings

APN

17040---15----3---20

APU

1704015320

Description

This exceptional 6,048-square-foot commercial property in Fort Worth, Texas, presents a unique investment opportunity. Located at 3115 Erie St, 76112, this building is ideally situated off Highway 180, near Highway 820, benefiting from excellent accessibility and high visibility. Currently configured as a professional music studio, it boasts soundproof recording areas, making it perfect for its current use or adaptable for other creative businesses. The property features a large, secured and gated parking area with a loading dock, capable of accommodating tour buses or numerous vehicles. Additional secured parking is available for lease. The industrial zoning allows for flexibility in future uses. The asking price is $1,300,000, translating to $214.95 per square foot. This well-maintained building offers a turnkey solution for a music studio or a blank canvas for other commercial ventures. 2022 traffic counts at the intersection of E Rosedale St and S Erie St E registered 17,199 vehicles, highlighting the area's high traffic volume. The property includes an electronic gate for enhanced security. This is a rare opportunity to acquire a high-quality, well-located commercial property in a thriving area of Fort Worth.

• CAP approach

  CAP return

  Valuation

  6%

  $905,467

  6.5%

  $835,816

  7%

  $776,115

• Comparable approach

  Method

  Valuation

  Relative Method

  $712,673

  Geo Method

  $1,928,072

• Alternative Use

  Use

  Valuation

  Residential

  $1,036,411

  Hospitality

  $949,347

  Educational

  $789,846

  Medical

  $817,010

  Retail

  $1,228,649

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.7339

Longitude

-97.2201

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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