2917 Wingate St Fort Worth, TX 76107
- Commercial real estate
- 1.01 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2917 Wingate St
- Year built
- 1978
- Lot size
- 1.01 lot acres
- Property type
- Commercial real estate
- APN
- 24060-11-2R1A
- APU
- 24060112R1A
Description
This exceptional 1.015-acre development site at 2917 Wingate Street in Fort Worth, Texas (APN 42448911), presents a unique redevelopment opportunity in the heart of the vibrant W. 7th District. The property, encompassing 44,207 square feet, is zoned for high-density residential development, offering significant potential for a mixed-use project. Its prime location provides unmatched connectivity to key areas, including the Fort Worth Cultural District (drawing over 8 million visitors annually), the W. 7th Entertainment District, Montgomery Plaza, Left Bank, The Foundry District, and Keystone's new $850 million mixed-use development. This infill site, situated off University Drive, represents one of the largest development parcels currently available in the market, making it an ideal location for a live-work-play environment. The property's strategic position within the urban core ensures easy access to numerous amenities and attractions, promising high demand and strong returns on investment. This is a truly rare opportunity to capitalize on the thriving Fort Worth real estate market. The property's size and location make it an exceptional investment for developers seeking a high-impact project in a dynamic and rapidly growing area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $330,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $355,000
- 6.5%
- $310,000
- 7%
- $345,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $370,000
- Geo Method
- $395,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $300,000
- Retail
- $395,000
- Mixed-Use
- $335,000
- Hospitality
- $305,000
- Educational
- $370,000
- Residential Income
- $295,000
- Energy
- $345,000
- Income-Based Land
- $330,000
- Food Service
- $320,000
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.3596
- Latitude
- 32.7562
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA