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Mixed-Use

2824 W 7th

2824 W 7th St, Fort Worth, TX 76107

Listing Price: Request For Offer

Lot Size
0.30 acres
Land Type
Redevelopment
Buildable Square Feet
5,818

Investment Overview

Marcus & Millichap is pleased to present 2824 W 7th, a 5,818-square-foot office asset situated on 0.30 acres and located at 2824 West 7th Street in Fort Worth, Texas. This urban infill redevelopment opportunity is located in the heart of Fort Worth's Cultural District and is proximate to the Near Southside District. The subject property is just 1.7 miles away from downtown Fort Worth and 2.5 miles from the Medical District. Several new construction projects have been proposed in the surrounding area, including a new multifamily development on the neighboring property and an upscale mixed-use project by Crescent Real Estate, which will be situated on Camp Bowie Boulevard. These new developments will bring numerous multifamily housing units and supporting office and retail assets into the immediate submarket.

The city of Fort Worth is the 13th largest city in the country, with a population of just under one million. Factors such as the relatively low cost of living, recent corporate relocations from coastal markets, and the opportunity for development have driven more new residents to the Dallas-Fort Worth markets than ever before. In addition, the centralized location of the Metroplex, including the close proximity to major airports, access to major thoroughfares, and over 90 miles of a light rail system provides residents ease of access to multiple commuting options.

Overall, 2824 W 7th provides a new investor or owner/user the opportunity to acquire an extremely well-located urban infill asset, proximate to many of the main traffic generators in the core of Fort Worth. This proximity to downtown Fort Worth and emerging Near Southside is beneficial to office and retail uses, giving investors the rare opportunity to acquire an asset in the middle of the Central Business District. The subject property is currently zoned MU-2 (High Intensity Mixed-Use) for the building, and C (Commercial) for the parking lot. MU-2 zoning allows for a new investor to go vertical with any future developments, with a maximum height of 10 stories, which is subject to review by the Urban Design Commission.

Investment Highlights

  • Prime Urban Infill Location | Ideal West 7th Street Frontage | Immediate Value-Add
  • 5,818-Square-Foot Building | Situated on 0.30 AC
  • Multi-Tenant Asset | 18 Parking Spaces Behind Building
  • Located In the Heart of Fort Worth's Cultural District
  • 1.7 Miles to Downtown Fort Worth | 2.5 Miles to Medical District

Exclusively Listed By

Financing By

Listing Price: Request For Offer

Lot Size
0.30 acres
Land Type
Redevelopment
Buildable Square Feet
5,818

Investment Highlights

  • Prime Urban Infill Location | Ideal West 7th Street Frontage | Immediate Value-Add
  • 5,818-Square-Foot Building | Situated on 0.30 AC
  • Multi-Tenant Asset | 18 Parking Spaces Behind Building
  • Located In the Heart of Fort Worth's Cultural District
  • 1.7 Miles to Downtown Fort Worth | 2.5 Miles to Medical District

Investment Overview

Marcus & Millichap is pleased to present 2824 W 7th, a 5,818-square-foot office asset situated on 0.30 acres and located at 2824 West 7th Street in Fort Worth, Texas. This urban infill redevelopment opportunity is located in the heart of Fort Worth's Cultural District and is proximate to the Near Southside District. The subject property is just 1.7 miles away from downtown Fort Worth and 2.5 miles from the Medical District. Several new construction projects have been proposed in the surrounding area, including a new multifamily development on the neighboring property and an upscale mixed-use project by Crescent Real Estate, which will be situated on Camp Bowie Boulevard. These new developments will bring numerous multifamily housing units and supporting office and retail assets into the immediate submarket.

The city of Fort Worth is the 13th largest city in the country, with a population of just under one million. Factors such as the relatively low cost of living, recent corporate relocations from coastal markets, and the opportunity for development have driven more new residents to the Dallas-Fort Worth markets than ever before. In addition, the centralized location of the Metroplex, including the close proximity to major airports, access to major thoroughfares, and over 90 miles of a light rail system provides residents ease of access to multiple commuting options.

Overall, 2824 W 7th provides a new investor or owner/user the opportunity to acquire an extremely well-located urban infill asset, proximate to many of the main traffic generators in the core of Fort Worth. This proximity to downtown Fort Worth and emerging Near Southside is beneficial to office and retail uses, giving investors the rare opportunity to acquire an asset in the middle of the Central Business District. The subject property is currently zoned MU-2 (High Intensity Mixed-Use) for the building, and C (Commercial) for the parking lot. MU-2 zoning allows for a new investor to go vertical with any future developments, with a maximum height of 10 stories, which is subject to review by the Urban Design Commission.

Exclusively Listed By

Financing By

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