6050 Lancaster AveFort Worth, TX 76112

Property Details for 6050 Lancaster Ave

Year built

1957

Lot size

0.27 AC

Property size (Sq ft)

1,944 SF

Property type

Office properties

Property subtype

Office buildings

APN

40580--A

APU

40580A

Description

This exceptional 1,944-square-foot traditional office space is ideally situated at 6050 E Lancaster Ave in Fort Worth, Texas, within the 76112 zip code. The property is a single-tenant building offering a convenient and efficient workspace. Its location provides unparalleled access to major transportation arteries, including Loop 820, I-30, and I-35, ensuring seamless commutes for employees and clients. A significant advantage is the property's proximity to downtown Fort Worth (a ten-minute drive) and Arlington (fifteen minutes away), offering easy access to a wide range of amenities and business opportunities. This prime location is further enhanced by the availability of Neighborhood Empowerment Zone tax incentives, presenting a compelling financial advantage for prospective tenants. The building is located in Tarrant County and is classified as a traditional office space. The property's single-tenant occupancy ensures a private and controlled environment, ideal for businesses seeking a dedicated and secure workspace. This presents a unique opportunity to establish a thriving business in a highly accessible and advantageous location within Fort Worth. The property's size makes it suitable for a variety of businesses, from small startups to established companies seeking a convenient and well-connected office space. The combination of prime location, tax incentives, and single-tenant occupancy makes this property a highly attractive investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $273,327

  6.5%

  $252,302

  7%

  $234,281

• Comparable approach

  Method

  Valuation

  Relative Method

  $215,130

  Geo Method

  $582,014

• Alternative Use

  Use

  Valuation

  Residential

  $312,855

  Hospitality

  $286,573

  Educational

  $238,426

  Medical

  $246,625

  Retail

  $370,884

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.7351

Longitude

-97.2271

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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