814 Pennsylvania Ave Fort Worth, TX 76104-2210

Property Details for 814 Pennsylvania Ave

Year built

2005

Lot size

0.20 lot acres

Property size

3,522 SF

Property type

Investment properties

Property subtype

Live-work space

APN

20975-39-4R

APU

20975394R

Description

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.

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Longitude

-97.334

Latitude

32.7387

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments