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21026046

3514 E Lancaster Ave, Fort Worth, TX 76103

CV
TX 822299
AMX Realty
Listed by AMX Realty
$2,300,000
530 days on market
Updated 13 days ago

Value-Add Retail Center

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 23,667
Cap Rate 9.16%
NOI $210,733
Occupancy 100%
Tenancy Multi
Lease Type Gross
Remaining Term 4
Broker Co-Op Yes
Class C
Year Built 1956
Acreage 1.440
Investment Type Value Add

23,667 SF building in a high traffic area with additional development potential

Marketing description

An excellent investment opportunity awaits at 3514 E Lancaster Ave, a strategically located retail property in the heart of Fort Worth's bustling commercial corridor. This established shopping center offers flexibility, strong tenant potential, and high visibility along one of the city's major thoroughfares.

Key Features:

  • Prime Location: Situated on E Lancaster Ave, a high-traffic area with excellent exposure and accessibility.

  • Versatile Space: Suitable for a variety of uses, including retail, service businesses, or office spaces.

  • Value-Add Opportunity: Potential to enhance revenue streams through upgrades or tenant mix optimization.

  • Additional Development Potential: Opportunity to add a canopy with a 4-pump gas station, further increasing the property’s value and appeal.

  • Demographic Advantage: Positioned in a densely populated area with steady consumer demand and proximity to residential neighborhoods, schools, and other businesses.

  • Accessibility: Convenient ingress/egress with ample parking for tenants and customers.

This property is perfect for investors or owner-users looking to secure a high-visibility location in one of Fort Worth’s key commercial hubs. Take advantage of the area’s growing market demand and make 3514 E Lancaster Ave your next successful venture.

Investment highlights

Investment Highlights:

  1. Prime Retail Location:

    • Situated on E Lancaster Ave, a major commercial corridor in Fort Worth with high visibility and traffic counts.

    • Excellent accessibility and exposure to both local residents and commuters.

  2. Established Retail Center:

    • Anchored retail property with multiple tenant spaces, offering a steady income stream and leasing potential.

    • Suitable for various retail, service, or office uses, providing flexibility for tenants.

  3. Strong Demographics:

    • Located in a densely populated area with consistent consumer demand for retail and services.

    • Proximity to residential neighborhoods, schools, and other businesses ensures steady foot traffic.

  4. Growth Opportunity:

    • Fort Worth is experiencing rapid growth, with increasing demand for retail and commercial spaces.

    • Potential for repositioning or upgrading to attract higher-value tenants and maximize ROI.

  5. Accessibility:

    • Convenient ingress and egress with ample parking, catering to both tenants and customers.

    • Close to major highways and public transportation routes.

  6. Value-Add Potential:

    • Opportunity to increase value through tenant mix optimization, property enhancements, or redevelopment.

This property offers an excellent opportunity for investors or owner-users to secure a strategically located retail center in one of Fort Worth's high-demand areas.

Listing Contacts

CV
TX 822299
AMX Realty
Listed by AMX Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$210,733.00
$17,561.08/mo

Valuation Metrics

0
DSCR
9.16%
Cap Rate
9.16%
ROI

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Additional Information

Name
Cindy Vo
License
822299
Brokerage
AMX Realty
Brokerage Phone
9728789026
Title
Sr. Commercial Advisor
Brokerage Address
1721 West Plano Parkway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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