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    1201 Mcpherson Rd Fort Worth, TX 76140

    For Sale
    $15,000,000

    73 Acres, Multifamily Zoning, Lakefront

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 73-acre commercial land parcel presents a remarkable development opportunity in Fort Worth, Texas. Located at 1201 McPherson Rd, 76140, this property boasts a prime location, offering convenient access to major transportation arteries including I-35 and I-20. The land is zoned for multi-family, duplex residential, and E-Neighborhood Commercial uses, providing significant flexibility for diverse development projects. A stunning six-acre lake, known as Equus Lake Village, is a key feature, enhancing the property's appeal and offering unique development possibilities. The gently sloping terrain, interspersed with trees surrounding the lake, creates a picturesque setting. The property's strategic location places it within close proximity to numerous amenities and employment centers, including Alcon, a new Amazon station, Miller Brewery, the Majestic Office Warehouse project (6 million square feet), Huguley Hospital, downtown Fort Worth, and the hospital district (approximately 15 minutes away), two regional shopping malls, and a major regional power center. Further enhancing its desirability, the property is bordered by existing residential developments to the west and east, a planned park to the east, and a planned elementary school to the west. Road expansion is planned, further improving accessibility. The asking price for this exceptional development opportunity is $15,000,000. All utilities are available.

    Property Features for 1201 Mcpherson Rd

    General Information

    Property type
    Assisted living facilities
    Lot Size
    3,179,880 SF

    HighLights

    • $15,000,000 asking price.
    • 73‑acre commercial land parcel in Fort Worth, TX.
    • C‑zoned, allowing multi‑family, duplex residential, and neighborhood commercial development.
    • Includes a 6‑acre lake.
    • Prime location near major highways (I‑35 & I‑20), employment centers (Alcon, Amazon, Miller Brewery), and amenities (hospitals, shopping malls).
    Property Profile Location Intelligence

    Current Use by Public Records

    Dallas Best Water ... Water Damage Restoration Service

    Suggested Use

    Restaurant Realty agency Auto Repair Shop Hair Salon Clothing Store Nail Salon HVAC Service Grocery Store Electrical Service Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.297684
    Latitude
    32.605685

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    FAQs

    What type of property is this?
    Assisted living facility - 73 Acres, Multifamily Zoning, Lakefront
    Where is this assisted living facility located?
    The property is located at 1201 Mcpherson Rd Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $15,000,000.
    What are key features of this property?
    This property features: $15,000,000 asking price.; 73-acre commercial land parcel in Fort Worth, TX.; C-zoned, allowing multi-family, duplex residential, and neighborhood commercial development.
    (817) 320-3473
    Request Owner's contact information
    1201 Mcpherson Rd Fort Worth, TX 76140
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    Fort Worth, TX 76140
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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
    1201 Mcpherson Rd Fort Worth, TX 76140
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