700 Melbourne Rd Hurst, TX 76053
For Sale
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This exceptional 7.42-acre commercial land parcel in Hurst, Texas, presents a significant investment opportunity. Located at 700 Melbourne Road, this property is ideally situated adjacent to the Airport Freeway, ensuring excellent accessibility and high visibility. Its prime location directly across from the North East Mall provides unparalleled exposure to a substantial customer base drawn to the mall's retail offerings. The property's zoning is GB & R1A, offering flexibility for various commercial developments. The land comprises two tracts, one measuring 3.53 acres and the other 3.89 acres, allowing for diverse development plans. Surrounded by a thriving mix of retail, dining, and entertainment venues, this property is poised to capitalize on the robust local economy. The asking price is $2,900,000, translating to approximately $390,836 per acre. This presents a rare chance to acquire a strategically located, sizable commercial land parcel in a high-demand area of Tarrant County, Texas, with a 76053 zip code. The property's proximity to major transportation arteries and established commercial centers makes it an attractive proposition for developers seeking high-impact projects. This is a truly exceptional opportunity to secure a prime piece of commercial real estate in a rapidly growing market.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.