Technical
Financial
Distress signals
Property profile

2925 Race St Fort Worth, TX 76111

OFF-MARKET
Turn key restaurants
Property ID
US82-1309688
2,720 SF 0.52 ac lot Built 1950
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 6,054-square-foot restaurant space, located at 2925 Race St in Fort Worth, Texas (zip code 76111), presents a unique investment opportunity in the vibrant River East Entertainment District. Previously a music venue, the property is ideally suited for a bar/restaurant concept or entertainment venue, offering significant potential for growth. The interior boasts a spacious open area, a fully equipped kitchen, and a full bar, providing ample flexibility for various culinary and entertainment uses. An overhead door conveniently connects the interior to a sizable back patio, expanding the usable space significantly. This outdoor area features another bar, ample room for outdoor games, and a stage perfect for live performances. The property's prime location offers unparalleled access to a thriving community. Within walking distance are luxury apartments, diverse restaurants, coffee shops, boutique retail stores, residential housing, and offices, ensuring a consistent flow of potential customers. This turnkey property is ready for immediate occupancy and offers a rare chance to establish a successful business in a high-demand area of Fort Worth. The property is a single-tenant space.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1950
Total area 2,720 SF
Lot 0.52 ac (22,786 SF)
APN A1056--49------20
UPID US82-1309688

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2925 Race St Fort Worth, TX 76111-4134
Fort Worth metro Census 100102 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2014
7 recorded transactions
2014
Price N/A
2013
Price N/A
2013
Price N/A
2013
Price N/A
2013
Price N/A
2012
$2.0M
2011
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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