1119 5Th St Fort Worth, TX 76102
- Warehouses
- 8,940 SF
- 0.23 lot acres
Current Use by Public Records
- Warehouses
Property Details for 1119 5Th St
- Year built
- 1950
- Lot size
- 0.23 lot acres
- Property size
- 8,940 SF
- Property type
- Warehouses
- APN
- 33740-5-A
- APU
- 337405A
Description
This exceptional redevelopment opportunity presents a nearly quarter-acre lot in Fort Worth's vibrant downtown, just blocks from Sundance Square. The 10,150 square foot parcel features a 1-story, 8,940 square foot warehouse, currently vacant, built in 1950. Zoned "H" Central Business with no height restrictions, this property allows for diverse development, including high-rise office, townhomes, or multifamily apartments. Its location within the Downtown Urban Design District (DUDD) overlay offers additional advantages. The existing warehouse provides potential rental income during the planning and design phases of any new construction. The land is priced at $135.47 per square foot, totaling $1,375,000. The property is situated on the south side of West 5th Street, between Summit Avenue and Lexington Avenue, adjacent to recently constructed four-story luxury apartment buildings. The legal description is Rectors Addition, Block 5, Lot A. This prime location offers a low land basis for future development, making it an attractive investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.339
- Latitude
- 32.7516
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
