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    1848 Broad St Mansfield, TX 76063

    For Sale
    $6,553,820

    High-growth area, retail/commercial opportunity.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional 6.02-acre tract at 1848 E Broad Street in Mansfield, TX, presents a remarkable investment opportunity. Already zoned for retail, office, and non-fast-food restaurant uses, this property boasts over 700 feet of frontage on East Broad Street, Mansfield's premier commercial thoroughfare. Its strategic location offers unparalleled accessibility, with convenient access to major roadways including Hwy 287, Hwy 360, and Matlock Road. Existing infrastructure is in place, including a median break, water, sewer, and electricity connections, simplifying development. The property's high-growth area is further enhanced by its proximity to a substantial 295-unit luxury apartment complex, ensuring a built-in customer base. Numerous active residential developments are also nearby, contributing to a strong and expanding population. This location benefits from its close proximity to key amenities such as Methodist Mansfield Hospital, Academy, Belk, StarCenter, Brown Elementary School, Orr Intermediate School, Market Street, Kroger, and HEB, creating a vibrant and convenient environment for future businesses. This is an exceptional opportunity to capitalize on the significant growth and potential of this prime Mansfield location. The property's size and zoning make it ideal for a variety of commercial developments, offering significant return on investment.

    Property Features for 1848 Broad St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    262,231 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Tarrant
    State
    Texas
    Longitude
    -97.10793
    Latitude
    32.57124

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    FAQs

    What type of property is this?
    Commercial real estate - High-growth area, retail/commercial opportunity.
    Where is this commercial real estate located?
    The property is located at 1848 Broad St Mansfield, TX.
    What is the asking price?
    The asking price for this property is $6,553,820.
    Request Owner's contact information
    1848 Broad St Mansfield, TX 76063
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1848 Broad St Mansfield, TX 76063
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