Absolute Auction, 1.4 AC

Land Description

$1 Auction - 1.4 AC Dallas-Fort Worth MSA | 148K VPD | 7% Pop Growth.

Investment Highlights

±1.415 AC Pad Site within Robust Submarket with Strong Growth

Direct Frontage and Visibility to I-35W with ±148K VPD and Near I-820 Interchange with ±117K Vpd

Neighboring Retail include Regal Cinema, Saltgrass Steak House, Starbucks, Waffle House, Whataburger, 24 Hour Fitness, Joe's Crab Shack, Chili's, Denny's, Twin Peaks, Jimmy John's, and others

Zoned G, Intensive Commercial District Allowing for Flexible Commercial Uses including Restaurant and Retail

Ideally Located in a Robust Trade Area ±5-miles from Fort Worth Meacham Airport with Mix of Retail, Residential, Hospitality and Industrial in the Immediate Area

Strong 2022 Demographics with ±295,534 People and an Avg Household Income of ±$89,269 (5-Mile Radius)

Absolute $1 Auction NO Reserve.

Offering Summary

Marcus & Millichap and RI Marketplace are pleased to present a 1.415-Ac pad site located at 5900 North Fwy (the “Property”) in Fort Worth, Texas. This Property offers an exceptional development opportunity in a growing robust trade area and first bid meets reserve.

The Property consists of a ±1.415-Acre vacant parcel with direct access and visibility on both North Fwy Access Road and Sandshell Drive. This site benefits from high profile visibility on Interstate 35W with traffic counts of ±148K vehicles per day. The Property is in a robust trade area near a mix of retail, residential, hospitality and industrial demand generators in the immediate area. National retailers in the area include Regal Cinema, Saltgrass Steakhouse, Starbucks, Waffle House, Whataburger, 24 Hour Fitness, Joe's Crab Shack, Chili's, Denny's, Twin Peaks, Jimmy John's, and more. Located in North Fort Worth with easy access to I-35W and I-820, the Property is a short drive from Fort Worth Stockyards, Texas Christian University, Texas Motor Speedway and Meacham International Airport. The Property is zoned G, Intensive Commercial which allows for most retail uses. The pad is currently a parking lot with utilities available.

An equal partner in the booming Dallas-Fort Worth Metroplex - the fourth largest metro economy in the United States - Fort Worth has attracted international investment, companies, and a global reputation as a center for commerce. Voted one of “America's Most Livable Communities,” Fort Worth boasts a multitude of advantages that attract and retain businesses: a pro-business city government, an excellent labor force and highly competitive cost of living. The Property is located in a dense residential area and benefits from compelling demographics. In 2022, the Property had approximately ±295,534 individuals with an average household income of ±$89,269 (5-mile radius). The I-35W corridor just north of I-820 is experiencing phenomenal growth with underserved daytime and residential populations. The Property has benefited and will continue to benefit from being in a high growth area with population growth between 2010-2022 of ±22.68% and an estimated ±7.48% anticipated between 2022-2027 (5-mile radius).

Auctioneer:

Lamar P. Fisher

Fisher Auction Company Inc.

License: 10344