920 Foch
Rare Single-Tenant Asset | Unbeatable Infill Location | W. 7th & Cultural District - Fort Worth
Marketing description
DB2RE INVESTMENT SALES is proud to present the rare opportunity to acquire 920 Foch (the “Property”), a legacy single tenant asset totaling 9,028 SF on 0.60 AC in the heart of Fort Worth’s coveted W. 7th Entertainment District. This irreplaceable investment is situated at the NWC of Foch Street & Currie Street, one of the most dominant corners in the market. The W. 7th District, the epicenter of Fort Worth’s Cultural District, is one of the premier live, work and play destinations in the state of Texas and some of the most sought-after real estate in the DFW Metroplex. Today, the Property is one of the only free-standing single tenant assets in the market, most notably one of the rare assets with surface parking and/or covered land potential for future vertical development. Currently vacant, 920 Foch is ready for immediate repositioning and perfect for passive investors, users and developers seeking access to this high-barrier market. Generating significant parking revenue, prospective purchasers enjoy complete coverage with a cash-on-cash return, in addition to tremendous upside potential through lease-up or redevelopment.
Strategically positioned within the center of the Fort Worth MSA, the fastest growing major metro in the nation and the 12th largest city in the United States, the W. 7th & Cultural Districts have become one of the most desired and high barrier to entry real estate markets within the DFW Metroplex. This entertainment hub and live, work and play destination is home to the largest concentration of densities and demand generators Fort Worth has to offer, as well as serves as the bridge between Downtown Fort Worth to the east and the affluent demographics to the west. Within walking distance of the Property, 920 Foch is flanked by many of the top performing bars and restaurants, as well as the countless residential, office and hotel developments that make the W. 7th District so unique. Even more notable, the Property enjoys immediate access to the Cultural District which includes: Dickies Arena, The Museum of Modern Art, Kimball Art Museum and Will Rogers Memorial Center, among others. The culmination of the Property’s irreplaceable real estate and upside potential make 920 Foch a true legacy investment for a wide range of potential purchasers.
Investment highlights
Extremely rare STNL investment located in the heart of the coveted West 7th District of Fort Worth, TX - one of the most sought-after and high-barrier infill markets within the DFW Metroplex. Excellent asset with immediate access to the Property day-1, as well as covered land
(+/- $174K in parking revenue) play potential in the long-term - future redevelopment site totaling 0.60 AC due to MU-2 zoning.
Generational investment opportunity with unbeatable infill real estate. The W. 7th and Cultural Districts where the Property is located boast the largest concentration of demand generators and the top performing entertainment / bar venues in the city.
Strategically positioned at the NWC of Foch Street & Morton Street, the Property sits at the corner of the most high-trafficked intersection within the W. 7th Entertainment District, benefiting from adjacent tenants that include: Bottle Blonde, Backyard, Little Woodrow’s, Kung Fu and Texas Republic, among other notable and top performing establishments.
Immediate access to the Fort Worth Cultural District, home to Dickies Arena, The Museum of Modern Art, Kimball Art Museum and Will Rogers Memorial Center. The Fort Worth Cultural District generates over 7 million visitors annually.
Fort Worth is the fastest growing major metro in the nation and currently ranked as the 13th largest city in the country. Situated at the center of Fort Worth’s urban core, the W. 7th District is one of Texas’s most unique and walkable live, work and play destinations, as well as the city of Fort Worth’s designated high-density urban village. The area has become the hotbed for investors, developers and users seeking access to high-barrier and high-growth infill markets in major Texas MSA’s.
Major mixed-use commercial / residential developments surrounding 920 Foch include: Artisan Circle (Crockett Row), Montgomery Plaza, One University, The VanZandt, Foch Street, The Crescent, and Bowie House, among countless other notable developments.
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