1115 Fort Worth HwyWeatherford, TX 76086

Property Details for 1115 Fort Worth Hwy

Year built

2003

Lot size

2.09 AC

Property size (Sq ft)

25,080 SF

Property type

Retail space

APN

15933-001-002-00

APU

1593300100200

Description

This exceptional 0.62-acre commercial land parcel presents a unique investment opportunity in the thriving city of Weatherford, Texas. Located at 1115 Fort Worth Hwy, Weatherford, TX 76086, this property is zoned for commercial use, offering significant potential for a variety of development projects. The site's convenient location provides excellent visibility and accessibility, making it an ideal location for businesses seeking high traffic exposure. The property is designated as a multi-tenancy site, allowing for flexibility in development plans. With one existing building on the site, this presents a chance to either renovate and repurpose the existing structure or to develop a new commercial building tailored to specific business needs. The property's size offers ample space for a range of commercial ventures, from retail shops and restaurants to office spaces and light industrial uses. Situated in Parker County, this location benefits from a strong local economy and a growing population, ensuring a robust market for commercial properties. This is a rare opportunity to acquire a well-positioned commercial land parcel in a desirable Texas location. Serious inquiries are encouraged to explore the possibilities this property offers. The asking price is to be determined.

• CAP approach

  CAP return

  Valuation

  6%

  $8,997,589

  6.5%

  $8,305,466

  7%

  $7,712,219

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,818,965

  Geo Method

  $18,921,928

• Alternative Use

  Use

  Valuation

  Residential

  $7,005,972

  Hospitality

  $6,417,432

  Educational

  $5,339,228

  Medical

  $5,522,852

  Retail

  $8,305,466

Location Insight

City

Weatherford

County

Parker

State

Texas

Latitude

32.7598

Longitude

-97.7788

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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