342 Northwest Pkwy Azle, TX 76020
This exceptional 0.8-acre retail property in Azle, Texas, presents a unique investment opportunity. Located at 342 Northwest Pkwy, 76020, this hard corner pad site boasts 13,494 square feet of existing building space across three structures. The main building, a former skating rink, offers a substantial 10,894 square feet of adaptable space. Additionally, there's a 2,000 square foot, two-tenant retail/office building and a 600 square foot single-tenant building currently operating as a pet salon. The property benefits from direct frontage on Northwest Pkwy (TX-199), ensuring high visibility and accessibility. Situated in the growing Azle suburb of Tarrant County, this multi-tenant property offers significant potential for redevelopment or continued operation as a diverse retail center. The asking price for this prime retail investment is $850,000. This is a rare opportunity to acquire a substantial retail property in a thriving Texas market. The property's size, location, and existing buildings provide immediate income potential and long-term growth prospects.
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.