3312 Park Lk Dr Fort Worth, TX 76133-4602
This 8,198-square-foot vacant storefront in Fort Worth, Texas, is available via auction (November 18-20, 2024), with a starting bid of $100,000. The single-story, 1981-built building sits on a 0.71-acre lot and boasts excellent visibility on Park Lake Drive, near McCart Avenue (30,000 vehicles per day) and minutes from I-20. The property features 18 surface parking spaces and three points of ingress/egress. Previously a daycare, this freestanding building offers significant value-add potential for adaptive reuse or repositioning. Zoned F (General Commercial), it benefits from strong surrounding retail including Kroger, Chick-fil-A, and McDonald's. The property's location within a thriving trade area, with a 5-mile radius encompassing approximately 277,089 residents and an average household income of $103,286, presents a compelling investment opportunity. The building includes a 500-gallon grease trap. This is a fee-simple ownership opportunity. The property is located in Tarrant County, Texas, zip code 76133.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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