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    1119 5Th St Fort Worth, TX 76102

    Sponsored
    For Sale
    $1,375,000

    10,150 SF lot, 8,940 SF warehouse

    Property size:
    8,940 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional redevelopment opportunity presents a nearly quarter-acre lot in Fort Worth's vibrant downtown, just blocks from Sundance Square. The 10,150 square foot parcel features a 1-story, 8,940 square foot warehouse, currently vacant, built in 1950. Zoned "H" Central Business with no height restrictions, this property allows for diverse development, including high-rise office, townhomes, or multifamily apartments. Its location within the Downtown Urban Design District (DUDD) overlay offers additional advantages. The existing warehouse provides potential rental income during the planning and design phases of any new construction. The land is priced at $135.47 per square foot, totaling $1,375,000. The property is situated on the south side of West 5th Street, between Summit Avenue and Lexington Avenue, adjacent to recently constructed four-story luxury apartment buildings. The legal description is Rectors Addition, Block 5, Lot A. This prime location offers a low land basis for future development, making it an attractive investment.

    Property Features for 1119 5Th St

    General Information

    Property type
    Distribution properties
    Square Feet
    8,940 SF

    Building Details

    Year Built
    1950
    Buildings
    1
    Stories
    1

    HighLights

    • 10,150 SF land parcel with an 8,940 SF single‑story warehouse; per Tarrant Appraisal District.
    • Located on the south side of W. 5th Street, between Summit and Lexington Avenues.
    • Adjacent to recently constructed four‑story luxury apartments.
    • Ideal for mid‑rise or high‑rise development.
    • H Central Business zoning; no height restrictions; Downtown Urban Design District (DUDD) overlay.
    • Legal Description: Rectors Addition, Block 5, Lot A.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Spa & Massage Dental Office Realty agency Hair Salon Nail Salon Clothing Store Food Market Daycare Center Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.338977506239
    Latitude
    32.751835347904

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    FAQs

    What type of property is this?
    Distribution property - 10,150 SF lot, 8,940 SF warehouse
    Where is this distribution property located?
    The property is located at 1119 5Th St Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $1,375,000.
    What are key features of this property?
    This property features: 10,150 SF land parcel with an 8,940 SF single-story warehouse; per Tarrant Appraisal District.; Located on the south side of W. 5th Street, between Summit and Lexington Avenues.; Adjacent to recently constructed four-story luxury apartments.
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    1119 5Th St Fort Worth, TX 76102
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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
    1119 5Th St Fort Worth, TX 76102
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