950 Rosedale St Fort Worth, TX 76104
- Commercial real estate
- 2,703 SF
- 0.22 lot acres
Current Use by Public Records
- Good Luck Drive inn / Barbecue Restaurant / Fast Food Restaurant
- T & S Market / Grocery Store
Property Details for 950 Rosedale St
- Year built
- 1976
- Lot size
- 0.22 lot acres
- Property size
- 2,703 SF
- Property type
- Commercial real estate
- APN
- 13695-5-17R1
- APU
- 13695517R1
Description
This 2,703 sq ft vacant retail property in Fort Worth, Texas, presents a unique redevelopment opportunity. Situated on a hard corner lot (9,583.2 sq ft) with excellent visibility and high traffic (over 25,000 vehicles per day), this property offers significant potential. The building, constructed in 1976, features two units previously used as a convenience store and restaurant. The NS-T5 zoning allows for a wide range of uses, including convenience stores, service stations, and restaurants. The asking price is $1,500,000 ($554.94/sq ft), with a land value of $156.52/sq ft. This location benefits from its proximity to the Hospital District and the revitalized Near Southside District, offering strong growth potential. The property has been owned for over 40 years, representing a rare chance to acquire a well-positioned asset in a thriving area. The site boasts 82 feet of frontage on West Rosedale Street and includes a pylon sign and dedicated turn lane. This is an exceptional investment opportunity for those seeking to capitalize on the dynamic Fort Worth market. The property is vacant and ready for immediate redevelopment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $355,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $520,000
- 6.5%
- $515,000
- 7%
- $505,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $515,000
- Geo Method
- $455,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $405,000
- Retail
- $400,000
- Mixed-Use
- $480,000
- Hospitality
- $485,000
- Educational
- $415,000
- Residential Income
- $480,000
- Energy
- $540,000
- Income-Based Land
- $535,000
- Food Service
- $540,000
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.334
- Latitude
- 32.7334
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA