1621 Southeast Pkwy Azle, TX 76020
This exceptional 2.66-acre commercial and residential land parcel presents a unique development opportunity in Azle, Texas. Located on State Highway 199, this property boasts unparalleled visibility to over 30,000 vehicles per day, ensuring high exposure for any future development. The site's strategic location, approximately 15 miles north of downtown Fort Worth, offers easy access and convenient proximity to a major metropolitan area. The land features a gentle slope from Wilshire Avenue to the Highway 199 service road/Southeast Avenue, providing potential for multi-story developments with panoramic views, including views of Eagle Mountain Lake. With 391 feet of frontage on Highway 199 and 190 feet on Wilshire Avenue, the property offers ample space and accessibility. The existing Commercial & Residential zoning allows for a wide range of development uses, both by right and through Special Use Permits (SUPs). The property's adjacency to Azle's landmark welcome sign provides additional branding and visibility opportunities. Essential infrastructure is already in place, simplifying the development process. The City of Azle actively encourages new development in this area, making this a highly attractive investment opportunity. The APN is 05982731. The asking price is $1,160,000. This is a 100% ownership opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.