3001 Fair Dr Fort Worth, TX 76131
- Strip malls
- 1.41 lot acres
Current Use by Public Records
- Strip malls
Property Details for 3001 Fair Dr
- Year built
- 2007
- Lot size
- 1.41 lot acres
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 46051D-1-7
- APU
- 46051D17
Description
This exceptional 1.7-acre parcel, identified by APN 41184343, presents a remarkable opportunity for retail development in Fort Worth, Texas. Located at 3001 Fair Dr, 76131, this strategically positioned property boasts 57,000 square feet of buildable land zoned E Commercial, offering unparalleled visibility and accessibility. The asking price is $1,011,830, translating to $17.75 per square foot and $718,731 per acre. Its square shape simplifies development planning, and the site benefits from existing utilities, making it ready for immediate construction. The property enjoys exceptional visibility from I-35 and is adjacent to an established shopping center, capitalizing on existing foot traffic and brand recognition. This location within the thriving Alliance corridor is surrounded by a burgeoning residential community, with over 7,500 new homes recently constructed, ranging in price from $150,000 to $400,000, ensuring a robust customer base. Furthermore, its proximity to the Burlington Northern Sante Fe Regional Headquarters provides additional potential for business synergy and high-traffic volume. This prime pad site offers a unique blend of location, accessibility, and development readiness, making it an ideal investment for discerning buyers seeking high-return potential in a rapidly growing market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $305,000
- 6.5%
- $330,000
- 7%
- $310,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $305,000
- Geo Method
- $340,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $310,000
- Retail
- $390,000
- Mixed-Use
- $345,000
- Hospitality
- $335,000
- Educational
- $375,000
- Residential Income
- $385,000
- Energy
- $345,000
- Income-Based Land
- $395,000
- Food Service
- $360,000
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.3169
- Latitude
- 32.8624
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA