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Urban-High Street

1510 W Magnolia

1510 W Magnolia Ave, Fort Worth, TX 76104

Listing Price: Request For Offer

Rentable SF
7,012
Lot Size
0.23 acres
Year Built
1984

Investment Overview

Marcus & Millichap is pleased to present 1510 W Magnolia, a 7,012-square-foot retail asset situated on 0.23 acres and located at 1510 West Magnolia Avenue and 1221 Hurley Avenue in Fort Worth, Texas. This urban infill investment opportunity is located in the rapidly transforming Near Southside submarket of Fort Worth and is proximate to the Medical District. The newly repositioned investment opportunity is a multi-tenant asset, which includes four suites, spread across two floors. The current tenant line-up consists of neighborhood-servicing retail tenants on both NNN and Gross leases. The subject property is located approximately three miles from Texas Christian University and less than two miles from downtown Fort Worth. 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. Several new construction projects are underway surrounding the subject property, including new mixed-use centers on West Magnolia Avenue, Oleander, and Galveston Street. These new developments are expected to bring numerous multifamily housing units and supporting office and retail assets into the immediate submarket. Overall, 1510 W Magnolia provides a new investor the rare opportunity to acquire an extremely well-located, urban infill retail asset, which is proximate to many of the main traffic generators in core Fort Worth. This proximity to the Medical District and emerging Near Southside has the potential to be beneficial to various commercial uses. The subject property is currently zoned NS-T4, which allows for general commercial uses, including retail, office and light industrial.

Investment Highlights

  • Prime Urban Infill Asset | Immediate Value-Add Retail Investment Opportunity
  • 79% Occupied | Staggered Lease Turnover | 7,012 Rentable SF
  • Located in Near Southside District | Proximate to Medical District
  • On-Site Parking Lot Included | Zoned NS-T4

Exclusively Listed By

Financing By

Urban-High Street

1510 W Magnolia

Listing Price: Request For Offer

Rentable SF
7,012
Lot Size
0.23 acres
Year Built
1984

Investment Highlights

  • Prime Urban Infill Asset | Immediate Value-Add Retail Investment Opportunity
  • 79% Occupied | Staggered Lease Turnover | 7,012 Rentable SF
  • Located in Near Southside District | Proximate to Medical District
  • On-Site Parking Lot Included | Zoned NS-T4

Investment Overview

Marcus & Millichap is pleased to present 1510 W Magnolia, a 7,012-square-foot retail asset situated on 0.23 acres and located at 1510 West Magnolia Avenue and 1221 Hurley Avenue in Fort Worth, Texas. This urban infill investment opportunity is located in the rapidly transforming Near Southside submarket of Fort Worth and is proximate to the Medical District. The newly repositioned investment opportunity is a multi-tenant asset, which includes four suites, spread across two floors. The current tenant line-up consists of neighborhood-servicing retail tenants on both NNN and Gross leases. The subject property is located approximately three miles from Texas Christian University and less than two miles from downtown Fort Worth. 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. Several new construction projects are underway surrounding the subject property, including new mixed-use centers on West Magnolia Avenue, Oleander, and Galveston Street. These new developments are expected to bring numerous multifamily housing units and supporting office and retail assets into the immediate submarket. Overall, 1510 W Magnolia provides a new investor the rare opportunity to acquire an extremely well-located, urban infill retail asset, which is proximate to many of the main traffic generators in core Fort Worth. This proximity to the Medical District and emerging Near Southside has the potential to be beneficial to various commercial uses. 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

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