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W 7th St & Macon St Parking Lots

801 W 7th St

Price:  Market


Cap Rate:  Market


Occupancy:  100


Lot Size:  0.21


Zoning:  "H" Central Business


813 W 7th St

Price:  Market


Cap Rate:  Market


Occupancy:  100


Lot Size:  0.20


Zoning:  "H" Central Business


806 Macon St

Price:  Market


Cap Rate:  Market


Occupancy:  100


Lot Size:  0.20


Zoning:  "H" Central Business


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Highlights

  • Legacy high-barrier infill location in the heart of Downtown Fort Worth at the hard and lighted SWC of W. 7th Street & Macon Street.
  • Extremely rare parking lot investment and covered land play with significant upside potential through repositioning the lease and/or redevelopment.
  • Excellent positioning at the center of Fort Worth’s Central Business District with easy access to I-30 & I-35W.
  • Totaling 0.637 AC, the Property is located along the primary east-west artery (W. 7th Street), the dominant commercial corridor that connects Downtown Fort Worth to the W. 7th Cultural District.
  • The offering boasts the coveted Central Business “H” zoning classification, the most sought-after and permissive / high-density zoning Fort Worth has to offer.
  • Strategically positioned among countless traffic and parking generators (11.3MM SF of office alone), the Property is the perfect parking lot and supports an array of uses.
  • Terrific cash-flow investment with immediate upside (below market and outdated lease expiring at the end of February 2024).
  • Dense market with 103,620 and 301,064 residents within a three and five-mile radius. Average household incomes are between $107,639 and $95,360.
  • Excellent daytime densities with 3,681, 9,576, and 16,547 businesses with over 54,938, 109,466 and 167,397 employees within a one, three, and five-mile radius.

Description

Davidson Bogel Real Estate LLC is pleased to present a rare 0.637 AC cash generating parking lot and potential development site located at the hard SWC of W. 7th Street & Macon Street in downtown Fort Worth. Strategically positioned at the center of Fort Worth’s Central Business District along W. 7th Street, the premier commercial artery that connects Downtown to the W. 7th Cultural District, the Property is perfectly located and serves as an ideal infill parking lot for surrounding uses. Furthermore, due to its location, the offering also serves as a fantastic future redevelopment site. Zoned H, Fort Worth’s premier Central Business zoning classification, the Property enjoys the most permissive zoning in Fort Worth, one that supports an array of uses and high density development.

Currently leased well below market by Burnett Plaza, one of Fort Worth’s most famous office towers, the offering is an unique cash-flowing parking lot investment with significant upside potential. With the long-term lease expiring at the end of February 2024, new ownership will have great flexibility to immediately reposition the Property in whatever way new ownership sees fit. As the fastest growing major city in the Nation, well located infill sites are fleeting, most notably, covered land sites. This generational value-add parking lot investment enjoys everything both investors and developers could ask for.

Location

801 W 7th Street, Fort Worth, TX 76102
813 W 7th Street, Fort Worth, TX 76102
806 Macon Street, Fort Worth, TX 76102

W 7th St & Macon St Parking Lots

801 W 7th Street, Fort Worth, Tarrant County, TX 76102

W 7th St & Macon St Parking Lots

Contact Us About this Property

Cameron Deptula

INVESTMENT SALES
TREC #622382

214.526.3626 ext. 116
CDeptula@DB2RE.com

Blake Schur

INVESTMENT SALES
TREC #788497

214.526.3626 ext. 129
BSchur@DB2RE.com