Redevelopment, Fort Worth near a University | 1714 Vaughn Blvd
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Redevelopment, Fort Worth near a University 1714 Vaughn Blvd
9,580 SF Retail Building Fort Worth, TX 76105 £297,331 (£31/SF)
Executive Summary
Great redevelopment opportunity within 4 blocks of Texas Wesleyan University. Zoned for Mixed-Use, FormBased “MU-1” allows for higher density, mixed-use, pedestrian-oriented development. This property would be excellent to serve retail and restaurants users with opportunity for housing the nearby student body. Maximum height 3-5 stories with available height bonus. Subject to review by Urban Design Commission.
The building is suitable for reconstruction or demolition. Phase I ESA and limited Phase II have been performed due to soil contamination from a previous commercial insecticide user. Two drums were subsequently removed and disposed of in 2016, and the impacted soils were excavated and disposed. Excavation of soil on lot 13 will be completed by Seller prior to close. Property will be delivered clean before closing.
Please review diligence materials related to environmental concerns provided in the documents center. Link to ESA can be found in "Links". Buyer's Broker to confirm all square footage.
The Property is unsafe to tour. Assume Property will need to be gutted from roof to floors with all interior to be scrapped. Exterior walls are in good condition; no structural concerns. Requests to tour will not be granted without an executed LOI by Buyers, Sellers, and Brokers.
APN: 2242001, 2241986, 2241978
The building is suitable for reconstruction or demolition. Phase I ESA and limited Phase II have been performed due to soil contamination from a previous commercial insecticide user. Two drums were subsequently removed and disposed of in 2016, and the impacted soils were excavated and disposed. Excavation of soil on lot 13 will be completed by Seller prior to close. Property will be delivered clean before closing.
Please review diligence materials related to environmental concerns provided in the documents center. Link to ESA can be found in "Links". Buyer's Broker to confirm all square footage.
The Property is unsafe to tour. Assume Property will need to be gutted from roof to floors with all interior to be scrapped. Exterior walls are in good condition; no structural concerns. Requests to tour will not be granted without an executed LOI by Buyers, Sellers, and Brokers.
APN: 2242001, 2241986, 2241978
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,580 SF
Building Class
C
Year Built
1941
Price
£297,331
Price Per SF
£31
Tenancy
Single
Number of Floors
2
Building FAR
0.36
Lot Size
0.60 AC
Zoning
Commercial - Mixed-Use/FormBased “MU-1” allows for higher density, mixed-use, pedestrian-oriented development
Amenities
- Fenced Lot
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £67,349 (2024) | |
| Land Assessment | £10,270 (2024) | Total Assessment | £77,619 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£10,270 (2024)
Improvements Assessment
£67,349 (2024)
Total Assessment
£77,619 (2024)
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Redevelopment, Fort Worth near a University | 1714 Vaughn Blvd
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