1500 Main StFort Worth, TX 76164

Property Details for 1500 Main St

Year built

2006

Lot size

1.24 AC

Property size (Sq ft)

56,622 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

30000-216-1R

APU

300002161R

Description

North Main Mercado, a three-story, 44,076 square foot Class C office building located at 1500 N Main St, Fort Worth, TX 76164, offers a unique blend of executive and traditional office spaces. Built and renovated in 2006, this property boasts 24,908 square feet of immediately available space, divisible to a minimum of 257 square feet and with a maximum contiguous space of 22,269 square feet. The building features ample surface parking (1.02 spaces per 1000 square feet), a significant advantage in the Fort Worth CBD, North Fort Worth submarket. Its prime location in the historic Stockyards District provides excellent walk-in traffic from nearby tourist attractions, including the renowned Joe T. Garcia's Mexican Restaurant and Billy Bob's Texas. The property benefits from its proximity to downtown Fort Worth (5-minute drive) and high traffic counts (28,566). Current tenants include the United Way, State Farm, various staffing and law offices, and a banquet hall, demonstrating the building's versatility and appeal to a diverse range of businesses. The building offers free space planning, creating a flexible and adaptable environment for tenants. This property presents a compelling opportunity for businesses seeking affordable, high-quality office space in a vibrant and historically significant location within one of America's most livable and safest cities.

• CAP approach

  CAP return

  Valuation

  6%

  $22,873,652

  6.5%

  $21,114,140

  7%

  $19,605,986

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,805,580

  Geo Method

  $42,719,192

• Alternative Use

  Use

  Valuation

  Residential

  $17,810,566

  Hospitality

  $16,314,384

  Educational

  $13,573,376

  Medical

  $14,040,185

  Retail

  $21,114,140

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.7803

Longitude

-97.348

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].