814 Pennsylvania Ave Fort Worth, TX 76104-2210
This exceptional mixed-use property, located in Fort Worth's vibrant Near Southside and Medical District, offers 3,522 square feet of space in a Class B building constructed in 2005. The property sits on approximately 0.20 acres and boasts convenient access to major highways I-30, I-35W, and 287, as well as the TexRail T&P Station (5 minutes away). The first floor comprises a functional office space featuring a reception area, break room/kitchen, conference room, and a mix of open and private offices. The second floor currently includes two separate apartment units, each approximately 900 square feet, with kitchens, living rooms, bathrooms, bedrooms, and dining rooms. Each apartment currently commands a monthly lease rate of $1,400, with both tenants on short-term leases. This presents a unique opportunity for an investor to capitalize on the existing income stream and potentially convert the second floor into additional office space to increase revenue. The building's location offers proximity to numerous restaurants and coffee shops, including Coco Shrimp, Roots Coffeehouse, Hurtado Barbecue, Funky Picnic, and The Coupe. The asking price for this versatile property is $1,500,000, translating to $425.89 per square foot. This presents a compelling investment opportunity in a high-demand area. The property consists of one two-story building.
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TMA Architects, Inc Architect
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Cauble Hoskins Architects Architect
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
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.