700 Melbourne RdHurst, TX 76053

Property Details for 700 Melbourne Rd

Lot size

3.53 AC

Property type

Land

Property subtype

Commercial land

APN

45070---------C---20

APU

45070C20

Description

This exceptional 7.42-acre commercial land parcel in Hurst, Texas, presents a significant investment opportunity. Located at 700 Melbourne Road, this property is ideally situated adjacent to the Airport Freeway, ensuring excellent accessibility and high visibility. Its prime location directly across from the North East Mall provides unparalleled exposure to a substantial customer base drawn to the mall's retail offerings. The property's zoning is GB & R1A, offering flexibility for various commercial developments. The land comprises two tracts, one measuring 3.53 acres and the other 3.89 acres, allowing for diverse development plans. Surrounded by a thriving mix of retail, dining, and entertainment venues, this property is poised to capitalize on the robust local economy. The asking price is $2,900,000, translating to approximately $390,836 per acre. This presents a rare chance to acquire a strategically located, sizable commercial land parcel in a high-demand area of Tarrant County, Texas, with a 76053 zip code. The property's proximity to major transportation arteries and established commercial centers makes it an attractive proposition for developers seeking high-impact projects. This is a truly exceptional opportunity to secure a prime piece of commercial real estate in a rapidly growing market.

• Alternative Use

  Use

  Valuation

  Residential

  $24,746,254

  Hospitality

  $22,667,436

  Educational

  $18,859,040

  Medical

  $19,507,632

  Retail

  $29,336,284

Location Insight

City

Hurst

County

Tarrant

State

Texas

Latitude

32.822

Longitude

-97.1985

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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