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    FOR SALE
    Community centers

    7050 Ridgmar Meadow Rd, Fort Worth, TX 76116

    6,607 SF 0.87 ac lot Built 1985
    Individually Owned 18-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US82-3757141
    Property summary
    AI-generated overview

    This exceptional 6,924 square foot retail property, located at 7050 Ridgmar Meadow Rd in Fort Worth, Texas, is offered at $2,300,000 ($332.18/sq ft). The property is a multi-tenant building encompassing a restaurant and shopping center on a 0.791-acre lot. It's a NNN lease property situated in a high-traffic area with strong national retailers, providing excellent visibility and foot traffic. The location benefits from a large trade area population exceeding 425,000 residents, encompassing upscale neighborhoods like Ridgmar, Westover Hills, and Westworth Village. The restaurant space is turnkey, fully equipped and ready for immediate occupancy, presenting a unique opportunity for culinary entrepreneurs. This property offers a blend of established retail presence and high growth potential within a desirable demographic. The zip code is 76116. This is a prime opportunity to acquire a well-positioned retail asset in a thriving Fort Worth market.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1985
    Total area 6,607 SF
    Lot 0.87 ac (37,893 SF)
    APN 34433-3R-5A
    UPID US82-3757141
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Energy Rts Rpi II · 18 yrs held
    Energy Rts Rpi II
    since 2008
    6 recorded transactions
    2020
    2017
    2008
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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