2244 Lancaster AveFort Worth, TX 76103

Property Details for 2244 Lancaster Ave

Year built

1930

Lot size

0.15 AC

Property size (Sq ft)

2,592 SF

Property type

Retail space

APN

38550--B

APU

38550B

Description

This 2,500 square foot storefront at 2244 E Lancaster Ave, Fort Worth, TX 76103, is a redevelopment opportunity priced at $279,000. The single-story, 1930-built building sits on a 6,403 square foot lot and boasts 100% occupancy with a current tenant. The property features ample space for retail or storage, with additional outdoor storage in a fenced rear area. Its location offers high visibility on a busy section of East Lancaster Avenue, just minutes from downtown Fort Worth. Zoned Commercial Light Industrial (I) per the City of Fort Worth, this property presents versatile options for various business uses. Potential buyers are responsible for verifying all zoning regulations, easements, and permitted uses. The building's total square footage is 2,592 square feet, with a price per square foot of $119.60. The property is offered with clear title and is considered a distressed sale. This is a motivated seller situation, with a recent price reduction from $310,000.

• CAP approach

  CAP return

  Valuation

  6%

  $535,722

  6.5%

  $494,512

  7%

  $459,190

• Comparable approach

  Method

  Valuation

  Relative Method

  $722,836

  Geo Method

  $1,955,568

• Alternative Use

  Use

  Valuation

  Residential

  $417,140

  Hospitality

  $382,098

  Educational

  $317,901

  Medical

  $328,834

  Retail

  $494,512

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.745

Longitude

-97.2942

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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