1020 Sylvania AveFort Worth, TX 76111

Property Details for 1020 Sylvania Ave

Year built

1971

Lot size

0.10 AC

Property type

Office buildings

APN

2650-2-1A

APU

265021A

Description

This 2,022 square-foot vacant office building presents a compelling investment or owner-user opportunity in Fort Worth, Texas. Located at 1020 S Sylvania Ave, this single-story, Class B building, constructed in 1971 and renovated in 1995, sits on a 0.36-acre lot with 25 parking spaces. The property features a reception area with included furniture (desks, cubicles, and refrigerator), three private offices, three bull-pin offices, a drafting office, a computer room with a dedicated circuit, men's and women's restrooms, and a break room. Additional features include a walkable attic for storage and a fenced 2,000 square-foot storage area. The building is zoned for Retail/Office use, making it suitable for various purposes, including medical, office flex, or retail. Its strategic location on a high-traffic road connecting I-30 to Loop-820 and NE 28th Street provides excellent access to major highways (Hwy 377, Hwy 10, and Hwy 183). The asking price is $599,985, translating to $296.73 per square foot. This property offers significant potential for investors and owner-occupants alike, given its versatile space, convenient location, and existing amenities. The APN is 00225118.

• CAP approach

  CAP return

  Valuation

  6%

  $1,228,728

  6.5%

  $1,134,211

  7%

  $1,053,196

• Comparable approach

  Method

  Valuation

  Relative Method

  $763,315

  Geo Method

  $1,341,866

• Alternative Use

  Use

  Valuation

  Residential

  $1,406,422

  Hospitality

  $1,288,275

  Educational

  $1,071,829

  Medical

  $1,108,691

  Retail

  $1,667,290

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.7779

Longitude

-97.3084

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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