2401 Oakland BlvdFort Worth, TX 76103

Property Details for 2401 Oakland Blvd

Year built

1925

Lot size

0.79 AC

Property size (Sq ft)

2,810 SF

Property type

Office buildings

APN

23920-1-10A

APU

23920110A

Description

This exceptional redevelopment opportunity encompasses a 1.5-acre lot in Fort Worth, Texas, featuring four existing structures at 2401 & 2327 Oakland Blvd. Currently zoned CF (Community Facilities), the property presents a diverse range of potential uses, including public facilities (churches, government offices, health services, public safety), educational institutions (colleges, schools), community and group homes, and recreational facilities. The property's zoning allows for significant flexibility in development plans. A portion of the 2401 Oakland Blvd. building is undergoing demolition, leaving a remaining stucco structure. The seller is open to offers, making this a compelling investment prospect. The property's location in Tarrant County, Texas, zip code 76103, offers convenient access to various amenities and transportation networks. This is a unique chance to acquire a substantial property with considerable potential for value enhancement. The asking price for this significant redevelopment project is $425,000. The existing structures provide a solid foundation for future development, offering immediate value and potential for substantial returns. This is a prime opportunity for investors seeking a high-impact project with considerable upside.

• CAP approach

  CAP return

  Valuation

  6%

  $395,087

  6.5%

  $364,696

  7%

  $338,646

• Comparable approach

  Method

  Valuation

  Relative Method

  $310,964

  Geo Method

  $841,286

• Alternative Use

  Use

  Valuation

  Residential

  $452,223

  Hospitality

  $414,234

  Educational

  $344,638

  Medical

  $356,490

  Retail

  $536,103

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.7444

Longitude

-97.2612

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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