6001 Watauga RdWatauga, TX 76148

Property Details for 6001 Watauga Rd

Year built

1978

Lot size

0.57 AC

Property size (Sq ft)

1,150 SF

Property type

Office buildings

APN

45120-2-1D

APU

4512021D

Description

This exceptional 1,150-square-foot commercial property, situated on a spacious 24,829-square-foot lot in Tarrant County, presents a unique investment opportunity. Previously occupied by a Texas Car Title and Payday loan services business, this single-tenant building offers immediate occupancy. The property is zoned GB - General Business District, allowing for a variety of uses. The building itself is a single-story structure, offering convenient access and functionality. The entire 1,150 square feet is currently vacant, providing a blank canvas for a new business to customize the space to their exact needs. The ample lot size provides significant potential for expansion or additional parking. This former Sonic Drive-In location benefits from high visibility and convenient access, making it an ideal location for a variety of businesses seeking a prominent presence in a busy area. The property's history as a retail and financial services location suggests strong potential for continued success in a similar vein, or for a business seeking a high-traffic location. The building's single-tenant status simplifies management and occupancy, making it an attractive option for both established businesses and new ventures. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving Tarrant County market. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $217,901

  6.5%

  $201,140

  7%

  $186,773

• Comparable approach

  Method

  Valuation

  Relative Method

  $132,857

  Geo Method

  $302,481

• Alternative Use

  Use

  Valuation

  Residential

  $249,413

  Hospitality

  $228,461

  Educational

  $190,077

  Medical

  $196,614

  Retail

  $295,675

Location Insight

City

Watauga

County

Tarrant

State

Texas

Latitude

32.8608

Longitude

-97.2519

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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