- Rare 1.06 AC (potential 1.3621 AC) development site located within the dense infill W. 7th Entertainment District of Fort Worth, Texas.
- Last major redevelopment site left on W. 7th Street or in the W. 7th market with over 350 feet of frontage along W. 7th Street.
- Approved high-density / coveted MU-2 Zoning already in-place!
- Excellent centralized location – 0.11 miles / 2 minute to the Foundry District, 0.23 miles / 5 minute walk to Montgomery Plaza, 0.43 miles / 9 minute walk to the W. 7th Entertainment District, 0.79 Miles to Downtown Fort Worth, 0.82 miles to the Cultural District and 1.25 miles to Dickies Arena
- Strategic positioning within the affluent high-growth West 7th trade area, between Currie Street and Foch Street along W. 7th Street – most coveted commercial corridor in the city.
- Surrounding traffic generators include: Montgomery Plaza, Left Bank, W. 7th Entertainment District, The Foundry District, Target, Dickies Arena, Will Rogers Memorial Coliseum, Chick-Fil-A, In-N-Out, Velvet Taco and Starbucks, among many others.
- Traffic counts in excess of 26,877 vehicles daily along W. 7th Street and 21,710 vehicles along University Drive
- Dense affluent market with 95,288 and 274,377 residents within a three and five mile radius.
- Average household income is $84,945 to $74,836 within the respective three and five mile radius.
- Daytime populations of 129,382 and 194,112 employees and 7,791 and 13,820 businesses within three and five miles of the Property
- The W. 7th District boats over 8 million visitors annually – visitors flock to one of the District’s many entertainment venues / events, museums and up-scale establishments.
- Centralized location in the middle of everything means convenient access to all surrounding amenities, Downtown Fort Worth and major thoroughfares (University Drive, I-30, I-35, Jacksboro Highway and White Settlement Street).
- With a contiguous 0.9173 AC, with a potential to increase to 1.3621 AC, new Ownership has ample flexibility in terms of permitted uses in the MU-2 designated areas and with the layout of the future development.
- MU-2 Zoning allows for a max height of 10 stories for mixed-use developments (residential & commercial) and single-use office and hotel developments. For single-use multi-family or retail, max height of 5 stories with height bonuses as earned (see Fort Worth Zoning).
- The offering encompasses two (2) land parcels totaling 1.06 AC and two (2) existing buildings totaling 7,799 SF. A third / adjacent available parcel consists of one (1) land parcel and building totaling 0.3055 AC and 5,818 SF. Total potential site is 1.3621 AC with 13,617 SF of improvements. 2816 W. 7th and 2329 W. 6th are owned by Supreme Bright Fort Worth III (“Owner 1”) and 2824 W. 7th (outlined in blue) is owned by 2824 W. 7th Street LP (“Owner 2”). Both owners to consider offers together or separate, but will be in the best interest of new Ownership to keep contiguous.
- Only 2824 W. 7th is occupied by owner and shall vacate on or before closing or whatever both parties agree to. This allows new Ownership to expedite any development with no added time or costs to terminate the tenant(s). Note: The alley way has already been abandoned by both Owners, allowing development from front to back. Please note that 3,126 SF on 2329 W. 6th Street shall be designated for rerouting utilities that currently run through the alley.
DAVIDSON & BOGEL REAL ESTATE is pleased to present the opportunity to purchase the rare 1.06 AC tract at 2816 W. 7th Street, an iconic once-in-a-generation development site within the core of Fort Worth’s W. 7th District. The Property is strategically located between Currie Street and Foch Street along W. 7th Street. The offering boasts over 350 feet of W. 7th frontage and is one of the largest and last redevelopment opportunities in the market, much less along the high-barrier W. 7th corridor. Zoned MU-2, investors and/or developers will benefit from this flexible high-density zoning classification. As one of the fastest growing cities and infill markets in the U.S., the Property boasts a coveted centralized location with convenient access to world renowned entertainment venues and countless amenities. Surrounding venues and developments include: the Foundry District, Montgomery Plaza, W. 7th Entertainment District, Fort Worth Cultural District, West Bank, Crockett Row and Dickies Arena, among many others.
Over the last several years, the W. 7th District has evolved into one of the most dynamic urban live, work, play destinations in the U.S. As a result of its strategic positioning and high-density zoning, the W. 7th District has experienced tremendous growth with a wide variety of uses. Today, the area is home to various upscale developments and traffic generators that attract over 8 million visitors annually. As Fort Worth’s most desired infill destination, the barrier to entry is high, significantly limiting new entrants and developments. With limited land available, the offering is a true once-in-a-generation opportunity for both investors and developers seeking to build a variety of uses or a mix of uses.