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29111655
29111656

332 W 1st St, Springtown, TX 76082 For Sale

JS
TX TX: 664135-B, FL SL3568387
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas
$1,500,000
193 days on market
Updated 13 days ago

Springtown Development Site

Details
Property Type Hospitality, Land (+3)
Sub Type Hotel, Residential (+1)
Units 2
Cap Rate 5.6%
NOI $84,000
Occupancy 100%
Year Built 1946
Buildings 2
Stories 2
Acreage 5.630
Zoning Commercial-2
Investment Type Redevelopment
Ground Lease No
Ownership Fee Simple

New Price Improvement! | Prime Springtown Development Opportunity | 5.63-AC | Zoned Commercial-2

Marketing description

Marcus & Millichap is pleased to exclusively present for sale the property located at 332 W 1st Street, Springtown, Texas. The subject property consists of a 5.63-acre lot strategically positioned along the Highway 199 corridor, offering excellent visibility and accessibility within the growing Springtown submarket. Situated just minutes from downtown Springtown and within close proximity to Fort Worth, the property benefits from strong traffic counts and steady regional growth. This well-located parcel provides investors with a prime opportunity for commercial development, supported by the area’s expanding residential base and increasing demand for retail and service businesses.

Springtown, Texas is a growing community in Parker County that blends small-town character with expanding commercial opportunities, all strategically positioned along the Highway 199 corridor. Once known primarily as a quiet residential town, Springtown has steadily transformed, welcoming new retail establishments, service businesses, and residential developments that complement its historic square and civic amenities. The city is proximate to ongoing growth throughout the Dallas–Fort Worth metroplex, one of the fastest-growing regions in the United States, and benefits from strong traffic counts along Highway 199 connecting directly to Fort Worth. Springtown’s 33-acre city park, annual festivals, and preserved open-air Tabernacle anchor its cultural identity, while its location near Eagle Mountain Lake and downtown Fort Worth enhances its appeal to both residents and visitors. With Parker County experiencing consistent population growth and rising household incomes, Springtown is well-positioned for continued expansion, offering investors a compelling opportunity to participate in the region’s broader wave of commercial and residential development.

Investment highlights

  • Attractive Seller Financing is Available. Contact Broker for Details

  • Rare Springtown Development Opportunity (Dallas-Fort Worth MSA)

  • Attractive Seller Financing Is Available | Contact Broker For Details

  • 5.63-AC | Commercial-2 Zoning

  • Short-Term Retail Lease & Short-Term Rental Unit | Rental Income: $84,000

  • Strategically Positioned Along the Highway 199 Corridor

  • Zoning Allows for Most Retail, Office, Multifamily, Hospitality, & General Commercial Uses

  • Average HH Income Exceeds $114,000 Within a 3-Mile Radius

Listing Contacts

JS
TX TX: 664135-B, FL SL3568387
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,000.00
$7,000.00/mo

Valuation Metrics

0
DSCR
5.6%
Cap Rate
5.6%
ROI

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Additional Information

Name
Joe Santelli, CCIM
License
TX: 664135-B
Brokerage
Marcus & Millichap
Brokerage Phone
9727555282
Brokerage Address
5001 Spring Valley Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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