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Property profile & analytics
OFF-MARKET
Land

1621 Southeast Pkwy Azle, TX 76020

2.66 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 2.66 ac (115,870 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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