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    3063 Cherry Ln Fort Worth, TX 76116

    For Sale
    $3,859,634

    10.74 Acres, Prime Fort Worth Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 10.74-acre commercial land parcel presents a unique investment opportunity in the thriving Southwest Fort Worth market. Strategically located on South Cherry Lane, this property boasts convenient access to Interstate 30, placing it within minutes of downtown Fort Worth and approximately 30 minutes from Dallas/Fort Worth International Airport. The site is situated inside Loop 820, offering excellent visibility and accessibility. Zoned E & ER, the property is ideally suited for a variety of uses, including medical offices, retail establishments, schools, and other related services. Its prime location across from a USPS office on Cherry Lane ensures high traffic and visibility. The land's value is $8.25 per square foot, representing a compelling price point for this size and location. The property's proximity to major transportation arteries and established businesses makes it an attractive prospect for developers and investors seeking a high-growth area. This is a rare opportunity to acquire a substantial land parcel in a rapidly developing section of Fort Worth, Texas, offering significant potential for future development and return on investment. Cross street access is available via Slocum Avenue. The property is less than 0.5 miles from Interstate 30.

    Property Features for 3063 Cherry Ln

    General Information

    Property type
    Medical offices
    Lot Size
    467,834 SF

    HighLights

    • $3,859,634 asking price for 10.74 acres of commercial land.
    • Located at 3063 S Cherry Ln, Fort Worth, TX 76116, with frontage on Cherry Lane and cross street access via Slocum Ave.
    • Zoned E & ER, suitable for medical, retail, or educational uses.
    • Prime location: minutes from I‑30, downtown Fort Worth, and Loop 820; approximately 30 minutes from DFW Airport.
    • Land value: $8.25/SF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.450585
    Latitude
    32.728789

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    FAQs

    What type of property is this?
    Medical office - 10.74 Acres, Prime Fort Worth Location
    Where is this medical office located?
    The property is located at 3063 Cherry Ln Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $3,859,634.
    What are key features of this property?
    This property features: $3,859,634 asking price for 10.74 acres of commercial land.; Located at 3063 S Cherry Ln, Fort Worth, TX 76116, with frontage on Cherry Lane and cross street access via Slocum Ave.; Zoned E & ER, suitable for medical, retail, or educational uses.
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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
    3063 Cherry Ln Fort Worth, TX 76116
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