This exceptional 1.47-acre commercial land parcel, located at 5059 River Oaks Blvd in River Oaks, Texas (zip code 76114, Tarrant County), presents a unique investment opportunity. Zoned C-2 Commercial, this property offers significant potential for retail development. The asking price is $495,000 for the entire lot, or a reduced price of $415,000 for the front portion. The lot is divisible, with the potential for approximately 30,823 square feet of development (plus or minus). This high-traffic location boasts an estimated 15,000 vehicles per day (plus or minus) on River Oaks Boulevard, ensuring high visibility and accessibility for any retail venture. Situated on the south side of River Oaks Boulevard, the property enjoys convenient proximity to major thoroughfares: a quarter-mile north of Roberts Cut Off and three-quarters of a mile south of Jacksboro Highway/199. Utilities are readily available on-site, simplifying the development process. This prime location and flexible options make this an ideal opportunity for investors seeking high-impact retail development in a thriving Texas market.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$20,191,904
Hospitality
$18,495,676
Educational
$15,388,186
Medical
$15,917,409
Retail
$23,937,178
Location Insight
City
River Oaks
County
Tarrant
State
Texas
Latitude
32.7764
Longitude
-97.3948
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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