2901 Fair DrFort Worth, TX 76131

Property Details for 2901 Fair Dr

Year built

2007

Lot size

2.59 AC

Property size (Sq ft)

22,102 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

46051D-1-8

APU

46051D18

Description

Western Center Plaza II, located at 2901 Fair Dr. in Fort Worth, Texas, presents a compelling retail investment opportunity. This single-story, 19,904 square foot neighborhood center, built in 2008, offers multiple tenancy options within a Class C building situated on a 1.61-acre lot. The property is zoned I - Light Industrial, providing flexibility for a variety of retail uses. Individual spaces range from a minimum of 1,020 square feet to a maximum contiguous space of 3,287 square feet, catering to diverse business needs. Its strategic location on Fair Drive in Tarrant County, Texas, offers excellent visibility to Interstate 35W, ensuring high traffic exposure and strong potential for customer engagement. The property benefits from its proximity to Western Center Boulevard, enhancing accessibility and visibility. This multi-tenant retail strip center provides a strong co-tenancy environment, fostering a vibrant and successful retail community. The zip code is 76131.

• CAP approach

  CAP return

  Valuation

  6%

  $6,156,174

  6.5%

  $5,682,622

  7%

  $5,276,721

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,434,558

  Geo Method

  $14,653,393

• Alternative Use

  Use

  Valuation

  Residential

  $4,793,504

  Hospitality

  $4,390,824

  Educational

  $3,653,114

  Medical

  $3,778,751

  Retail

  $5,682,622

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.8626

Longitude

-97.3177

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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