6801 Ridgmar Meadow Rd Fort Worth, TX 76116
- Community centers
- 29,334 SF
- 4.28 lot acres
Current Use by Public Records
- Movie Tavern Ridgmar / Bar / Movie Theater
Property Details for 6801 Ridgmar Meadow Rd
- Year built
- 1985
- Lot size
- 4.28 lot acres
- Property size
- 29,334 SF
- Property type
- Community centers
- APN
- 34433-1R
- APU
- 344331R
Description
This exceptional 24,627-square-foot freestanding retail property, located at 6801 Ridgmar Meadow Rd in Fort Worth, Texas, presents a unique investment opportunity. Formerly a six-screen, 824-seat movie theater, this Class B, single-story building offers a versatile layout ideal for various retail or entertainment uses. Built in 1986, the property sits on a substantial 24,627-square-foot lot (4.28 acres) with "J" zoning. The building boasts ample parking with 160 spaces, providing a 6.5 parking ratio. Its prime location within the bustling Ridgmar Town Square offers excellent visibility and accessibility, enhanced by its proximity to major national retailers such as Ross, Burlington Coat Factory, PetSmart, and Big Lots. The property also benefits from its strategic location near the Lockheed Martin complex and a naval joint reserve base, ensuring a strong daytime population and consistent foot traffic. The existing theater infrastructure, including screens, projectors, and seating, remains in place, offering significant potential for redevelopment or repurposing. This move-in-ready space is perfectly positioned to capitalize on the rapid growth and redevelopment wave currently transforming West Fort Worth. The asking price is $3,300,000, and the lease type is NNN. This is a rare opportunity to acquire a substantial, well-located property in a thriving market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $595,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $865,000
- 6.5%
- $860,000
- 7%
- $795,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $920,000
- Geo Method
- $755,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $900,000
- Retail
- $825,000
- Mixed-Use
- $710,000
- Hospitality
- $775,000
- Educational
- $815,000
- Residential Income
- $805,000
- Energy
- $855,000
- Income-Based Land
- $705,000
- Food Service
- $860,000
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.4342
- Latitude
- 32.745
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
