2700 Hemphill StFort Worth, TX 76110

Property Details for 2700 Hemphill St

Year built

2002

Lot size

0.34 AC

Property size (Sq ft)

2,052 SF

Property type

Retail properties

Property subtype

Retail space

APN

39450----5---23---20

APU

3945052320

Description

This exceptional Fort Worth commercial property, located at 2700 Hemphill St, 76110, presents a unique investment opportunity. The 2,052 square foot storefront, built in 2002, is situated on a 14,998 square foot lot and zoned for Community Commercial use. The property features two units, each offering ample space for a variety of businesses. Its prime location on Hemphill Street ensures high visibility and convenient access, attracting customers from the surrounding area, including the nearby Texas Christian University, the Fairmount National Historic District, and the West Magnolia Avenue entertainment district. Ample parking is available for customer convenience. The property's versatility makes it ideal for a wide range of businesses, from retail and restaurants to offices and medical practices. The asking price is $849,000. This is a single-story building offering a significant opportunity for growth and profitability in a thriving Fort Worth neighborhood. Broker co-op is available.

• CAP approach

  CAP return

  Valuation

  6%

  $609,136

  6.5%

  $562,280

  7%

  $522,117

• Comparable approach

  Method

  Valuation

  Relative Method

  $653,995

  Geo Method

  $1,548,158

• Alternative Use

  Use

  Valuation

  Residential

  $474,304

  Hospitality

  $434,460

  Educational

  $361,466

  Medical

  $373,897

  Retail

  $562,280

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.7129

Longitude

-97.332

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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