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    3120 Lancaster Ave Fort Worth, TX 76103

    For Sale
    $260,000

    Fort Worth Retail, Renovated, High Traffic

    Property size:
    1,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This 1,500 sq ft freestanding retail building, located at 3120 E Lancaster Ave in Fort Worth, Texas, presents a compelling investment opportunity. Built in 1964 and completely renovated in 2022, the property boasts a prime location on a high-traffic thoroughfare (17,370 cars daily), offering excellent visibility and accessibility. The single-story building sits on a 0.16-acre lot and is zoned for flexible use, permitting retail, office, and even car sales, as per the City of Fort Worth zoning chart (F-Moderate Intensity Comm). The asking price is $260,000, representing a price per square foot of $173.33 and a projected cap rate of 6.92%. Its proximity to Downtown Fort Worth provides stunning downtown views and access to a thriving urban environment currently undergoing revitalization. This NNN-leased property offers a blend of historical charm and modern functionality, making it an ideal investment for those seeking a strong return in a rapidly developing area. The property's recent renovation ensures immediate occupancy and minimal capital expenditure requirements. This is a rare opportunity to acquire a well-positioned, versatile commercial property in a dynamic Fort Worth location.

    Property Features for 3120 Lancaster Ave

    General Information

    Property type
    Retail properties
    Square Feet
    1,500 SF
    Class
    C
    Lot Size
    6,970 SF

    Building Details

    Year Built/Renovated
    1964/2022
    Buildings
    1
    Stories
    1

    HighLights

    • Prime location on Lancaster Ave in Fort Worth's revitalizing urban core.
    • Recently renovated (2022) 1,500 SF building with historical charm.
    • Flexible zoning permits retail, office, or car lot uses.
    • High visibility with 17,370 vehicles passing daily.
    • Minutes from Downtown Fort Worth, offering downtown views.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Time Warner Center Telecommunications Service Provider Deliverance Ministry & Healing ... Religious Organization

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -97.2802268
    Latitude
    32.7396101

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    FAQs

    What type of property is this?
    Retail property - Fort Worth Retail, Renovated, High Traffic
    Where is this retail property located?
    The property is located at 3120 Lancaster Ave Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: Prime location on Lancaster Ave in Fort Worth's revitalizing urban core.; Recently renovated (2022) 1,500 SF building with historical charm.; Flexible zoning permits retail, office, or car lot uses.
    (817) 632-6200
    Request Owner's contact information
    3120 Lancaster Ave Fort Worth, TX 76103
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    Fort Worth, TX 76103
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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
    3120 Lancaster Ave Fort Worth, TX 76103
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