Skip to main content

Urban-High Street

601 W Magnolia

601 W Magnolia Ave, Fort Worth, TX 76104

Listing Price: Request For Offer

Gross SF
16,300
Rentable SF
16,300
Lot Size
0.68 acres
Year Built
1930

Investment Overview

Marcus & Millichap is pleased to present 601 W Magnolia, a 16,300-square-foot mixed-use asset situated on 0.68 acres and located at 601 West Magnolia Avenue in Fort Worth, Texas. This urban infill opportunity is located in the rapidly transforming Near Southside submarket of Fort Worth and is proximate to the Medical District. The subject property is located just 2.8-miles away from Texas Christian University and 1.8 miles away from downtown Fort Worth. Several new construction projects are underway in the surrounding area including two new mixed-use centers down West Magnolia Avenue and one on the corner of Oleander and Galveston Street. These new developments are expected to bring numerous multi-family housing units and supporting office and retail assets into the immediate submarket. The subject property features multiple short-term leases at below market rents allowing a new investor the opportunity to add significant value over time.

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, and 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, 601 W Magnolia 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 core Fort Worth. This proximity to the Medical District and emerging Near Southside is beneficial to various commercial uses, also allowing a new investor the opportunity for further development/redevelopment on the site in the future. The subject property is currently zoned NS-T4, which allows for general commercial uses, including retail, office and light industrial.

Investment Highlights

  • Office/Retail Mixed-Use Asset | Prime Urban Infill Location
  • 16,300 SF GLA | Situated on 0.68 AC | Pylon Signage
  • Hard Corner on West Magnolia Avenue & Hemphill Street
  • 100% Occupancy | 45+ Parking Spaces Included
  • Located in Near Southside District & Proximate to the Medical District
  • Adjacent to New Development Recently Financed by MMCC

Exclusively Listed By

Financing By

Listing Price: Request For Offer

Gross SF
16,300
Rentable SF
16,300
Lot Size
0.68 acres
Year Built
1930

Investment Highlights

  • Office/Retail Mixed-Use Asset | Prime Urban Infill Location
  • 16,300 SF GLA | Situated on 0.68 AC | Pylon Signage
  • Hard Corner on West Magnolia Avenue & Hemphill Street
  • 100% Occupancy | 45+ Parking Spaces Included
  • Located in Near Southside District & Proximate to the Medical District
  • Adjacent to New Development Recently Financed by MMCC

Investment Overview

Marcus & Millichap is pleased to present 601 W Magnolia, a 16,300-square-foot mixed-use asset situated on 0.68 acres and located at 601 West Magnolia Avenue in Fort Worth, Texas. This urban infill opportunity is located in the rapidly transforming Near Southside submarket of Fort Worth and is proximate to the Medical District. The subject property is located just 2.8-miles away from Texas Christian University and 1.8 miles away from downtown Fort Worth. Several new construction projects are underway in the surrounding area including two new mixed-use centers down West Magnolia Avenue and one on the corner of Oleander and Galveston Street. These new developments are expected to bring numerous multi-family housing units and supporting office and retail assets into the immediate submarket. The subject property features multiple short-term leases at below market rents allowing a new investor the opportunity to add significant value over time.

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, and 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, 601 W Magnolia 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 core Fort Worth. This proximity to the Medical District and emerging Near Southside is beneficial to various commercial uses, also allowing a new investor the opportunity for further development/redevelopment on the site in the future. The subject property is currently zoned NS-T4, which allows for general commercial uses, including retail, office and light industrial.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower