515 Sandy Beach Rd Azle, TX 76020
This exceptional 60-acre property, located at 515 Sandy Beach Rd, Azle, TX 76020, presents a unique investment opportunity. Situated in the ETJ of Azle, Tarrant County, this expansive land parcel offers significant potential for various commercial and residential developments. The property boasts convenient access to major roadways, including its proximity to the Boyd Rd (FM 730) and Sandy Beach Rd intersection, just 1.35 miles west of Eagle Mountain Lake and 2 miles from Hwy 199 and Boyd Rd exit. Water access is available on the frontage, and sewer lines run across the street. The absence of floodplains and gas pipelines further enhances its desirability. The location is also highly advantageous, being within a half-mile of both Boyd Rd and Sandy Beach Rd intersection, a half-mile from Liberty Elementary School, two blocks from Hoover Elementary School, four blocks from Santo Forte Jr. High School, and one mile from Azle High School, and 1.5 miles from the Hill of Blue Bonnets Azle High School. With 142 homes currently under construction across the street, this property is perfectly positioned to capitalize on the area's growth. Zoned for commercial and residential use, this land is ideal for a variety of projects, including storage facilities, industrial development, multi-family housing, or single-family residential construction. The asking price is $6,000,000.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.