6801 Ridgmar Meadow RdFort Worth, TX 76116

Property Details for 6801 Ridgmar Meadow Rd

Year built

1985

Lot size

4.28 AC

Property size (Sq ft)

29,334 SF

Property type

Community centers

APN

34433-1R

APU

344331R

Description

This exceptional 24,627-square-foot freestanding retail property, located at 6801 Ridgmar Meadow Rd in Fort Worth, Texas, presents a unique investment opportunity. Formerly a six-screen, 824-seat movie theater, this Class B, single-story building offers a versatile layout ideal for various retail or entertainment uses. Built in 1986, the property sits on a substantial 24,627-square-foot lot (4.28 acres) with "J" zoning. The building boasts ample parking with 160 spaces, providing a 6.5 parking ratio. Its prime location within the bustling Ridgmar Town Square offers excellent visibility and accessibility, enhanced by its proximity to major national retailers such as Ross, Burlington Coat Factory, PetSmart, and Big Lots. The property also benefits from its strategic location near the Lockheed Martin complex and a naval joint reserve base, ensuring a strong daytime population and consistent foot traffic. The existing theater infrastructure, including screens, projectors, and seating, remains in place, offering significant potential for redevelopment or repurposing. This move-in-ready space is perfectly positioned to capitalize on the rapid growth and redevelopment wave currently transforming West Fort Worth. The asking price is $3,300,000, and the lease type is NNN. This is a rare opportunity to acquire a substantial, well-located property in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $11,879,618

  6.5%

  $10,965,801

  7%

  $10,182,530

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,333,041

  Geo Method

  $22,131,412

• Alternative Use

  Use

  Valuation

  Residential

  $9,250,064

  Hospitality

  $8,473,009

  Educational

  $7,049,444

  Medical

  $7,291,885

  Retail

  $10,965,801

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.745

Longitude

-97.4342

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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