5059 River Oaks BlvdRiver Oaks, TX 76114

  • Commercial land
  • 1.47 AC
For Sale
$495,000 View listing

Property Details for 5059 River Oaks Blvd

Lot size
1.47 AC
Property type
Commercial land
APN
31097L-A-1
APU
31097LA1

Description

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,588
$192,171
-
$192,171
-
$192,171
-
$192,171

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