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    700 Melbourne Rd Hurst, TX 76053

    For Sale
    $2,900,000

    Prime Hurst location, 7.42 acres, $2.9M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 7.42-acre commercial land parcel in Hurst, Texas, presents a significant investment opportunity. Located at 700 Melbourne Road, this property is ideally situated adjacent to the Airport Freeway, ensuring excellent accessibility and high visibility. Its prime location directly across from the North East Mall provides unparalleled exposure to a substantial customer base drawn to the mall's retail offerings. The property's zoning is GB & R1A, offering flexibility for various commercial developments. The land comprises two tracts, one measuring 3.53 acres and the other 3.89 acres, allowing for diverse development plans. Surrounded by a thriving mix of retail, dining, and entertainment venues, this property is poised to capitalize on the robust local economy. The asking price is $2,900,000, translating to approximately $390,836 per acre. This presents a rare chance to acquire a strategically located, sizable commercial land parcel in a high-demand area of Tarrant County, Texas, with a 76053 zip code. The property's proximity to major transportation arteries and established commercial centers makes it an attractive proposition for developers seeking high-impact projects. This is a truly exceptional opportunity to secure a prime piece of commercial real estate in a rapidly growing market.

    Property Features for 700 Melbourne Rd

    General Information

    Property type
    Land
    Lot Size
    323,215 SF

    HighLights

    • Excellent investment opportunity adjacent to Airport Freeway.
    • Directly across from North East Mall.
    • Highly desirable location with abundant nearby amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hurst
    County
    Tarrant
    State
    Texas
    Longitude
    -97.198454
    Latitude
    32.82204

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    FAQs

    What type of property is this?
    Land - Prime Hurst location, 7.42 acres, $2.9M
    Where is this land located?
    The property is located at 700 Melbourne Rd Hurst, TX.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: Excellent investment opportunity adjacent to Airport Freeway.; Directly across from North East Mall.; Highly desirable location with abundant nearby amenities.
    (817) 632-6200
    Request Owner's contact information
    700 Melbourne Rd Hurst, TX 76053
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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
    700 Melbourne Rd Hurst, TX 76053
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