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301 S Freeway, Fort Worth, TX

301 S Fwy, Fort Worth, Tarrant County, Texas 76104

Price:  Market


Cap Rate:  Market


Occupancy:  100%


Lot Size:  1.91 AC


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Highlights

  • Generational ± 1.91 AC infill covered land play situated within the core of Fort Worth, TX.
  • Legacy high-growth and high-barrier infill location in the eastern portion of the renowned Near Southside District, directly southeast / adjacent to Downtown Fort Worth.
  • Dominant location with I-35 frontage and at the convergence of I-30 & I-35 interchange which provides unmatched visibility and access to the entire DFW Metroplex.
  • Coveted NS-T5I zoning, the industrial zoning for the Near Southside District. One of the most permissive zoning classifications for redevelopment and by right, allows for outside storage.
  • Rare I-35 billboard with below market rate – leased by Outfront Media through December 2027.
  • Tremendous flexibility and optionality on both short-term and long-term value-add opportunities.
  • Immediate upside through the lease-up of the Property to IOS users which will further enhance the revenue and require minimal capital.
  • Fantastic redevelopment potential and an ideal location for a variety of uses which include: hotel, self-storage, and boutique industrial and flex uses, among many others.
  • Close proximity to the Fort Worth CBD and Downtown’s biggest traffic generators: Fort Worth Convention Center, Omni Hotel, Texas A&M and Sundance Square, to name a few.
  • Dense market with 97,805 and 283,973 residents within a three and five-mile radius. Average household incomes are between $59,517 and $82,711.
  • Excellent daytime densities with 2,836, 7,575, and 13,698 businesses with over 55,642, 124,497, and 190,514 employees within a one, three, and five-mile radius.

Description

Davidson Bogel Real Estate, LLC is pleased to present a rare opportunity to purchase the +/- 1.91 AC core development site (“301 S Freeway”), a perfect infill Fort Worth redevelopment opportunity with billboard income and coveted industrial zoning (NS-T5I). Located at the SEC of South Freeway (I-35 access road) and E. Broadway Avenue on the eastern edge of the renowned Near Southside District, The Property provides unmatched access to the core of Fort Worth, Texas. Directly southeast of the Fort Worth CBD, 301 S Freeway is nestled just south of the I-30 & I-35 exchange, along I-35. Its strategic positioning provides unmatched visibility for any future owner or user of the site. Furthermore, not only does the Property boast incredible access to I-35 & I-30, the two largest arteries in the state of Texas, the Property is also easily accessible via Vickery Boulevard & Lancaster Avenue, the two main commercial corridors in the market.

Other than redevelopment, 301 S Freeway provides new ownership ample flexibility and numerous avenues to maximize value. The Property’s unique value-add components will generate tremendous upside in both the short term and long-term. Currently, the Property is vacant land, but includes a rare and well below market billboard leased by Outfront Media through 2027. Due to site’s infill nature, positioning and coveted NS-T5I (industrial zoning), lease-up of the +/- 1.91 AC to IOS (Industrial Outside Storage) users will provide additional income and coverage with minimal capital required. In the mid to long-term, the Property lends itself to redevelopment to an array of uses, including, but not limited to: hotel, boutique industrial / flex building(s) and self-storage, among other product types. The combination of the Outfront Media billboard income and versatile value-add opportunities further separate this Property from other competing infill land sites in the market. With limited capital required and offered at a manageable price point, 301 S Freeway is a true generational asset ideal for both sophisticated, 1031 and/or passive investors.

Location

Downtown Fort Worth, TX, Near Southside

301 S Freeway, Fort Worth, TX

301 S Fwy, Fort Worth, Tarrant County, Texas 76104

301 S Freeway, Fort Worth, TX

Contact Us About this Property

Cameron Deptula

INVESTMENT SALES
TREC #622382

214.526.3626 ext. 116
CDeptula@DB2RE.com

Martin Grossman

URBAN
TREC #637148

214.526.3626 ext. 152
MGrossman@DB2RE.com

Blake Schur

INVESTMENT SALES
TREC #788497

214.526.3626 ext. 129
BSchur@DB2RE.com