2101-2121 W Magnolia Ave - W Magnolia Ave and Mistletoe Blvd Land

Colonial Commercial Real Estate is pleased to exclusively offer a 2-acre property, surrounding the hard corner of Mistletoe Blvd and Jerome St. offering an exceptional opportunity for multifamily, townhouse, cluster housing, or other residential developments. Strategically located in Fort Worth's Medical District, the property benefits from robust demand for housing spurred by unprecedented growth in healthcare facilities, education, employment, and regional connectivity.
Income-Generating Opportunity
• Immediate Income: An Eight-Unit Apartment located on 0.2 acres of the property currently generates $110,348 in annual income, providing developers with immediate cash flow to offset holding costs during the planning and entitlement phases.
Location Highlights
• Proximity to Medical and Educational Hubs:
o The property is steps away from Baylor Scott & White All Saints Medical Center, a leading healthcare facility with 538 beds and over 2,700 employees.
o The district is home to major institutions like Cook Children’s, JPS Health Network, Medical City Healthcare, Moncrief Cancer Institute, and Texas Health Resources, all undergoing major expansions to meet the needs of the rapidly growing Fort Worth population.
o Anticipated medical district expansions over the next decade will add millions of square feet in healthcare infrastructure, increasing employee and resident demand in the area.
o Home to the Burnett School of Medicine at TCU, a cutting-edge medical school launched in 2019. The school boasts 1,522 faculty members and is projected to generate 31,000 jobs by 2030, further fueling demand for housing.
• Walking Distance to West Magnolia Avenue:
o The property is just 0.35 miles from West Magnolia Avenue, the centerpiece of the Near Southside revitalization effort. This mixed-use district emphasizes walkability and accessibility, offering a rich blend of sought-after restaurants, retail, and green spaces.
o West Magnolia Ave serves as a community hub, attracting residents and visitors alike for its vibrant atmosphere and unique amenities.
• Transportation Connectivity:
o Adjacent to the Near Southside Station, part of the $167 million Trinity Metro TEXRail expansion. The station connects Fort Worth to Dallas/Fort Worth International Airport (DFW), the second-largest airport globally by passenger volume.
o Trinity Metro TEXRail links with the Trinity Railway Express, offering convenient access to Dallas destinations such as the American Airlines Center, home to major sports and entertainment events.
Development Opportunity
This site is uniquely positioned to cater to two key demographics:
1. Medical Workforce Housing: The rapidly growing Medical District is driving demand for housing to accommodate healthcare professionals and support staff.
2. Student Housing: The Burnett School of Medicine at TCU presents a compelling opportunity for student-focused developments. With increasing enrollment and a faculty of over 1,500, demand for high-quality, conveniently located student housing is significant and growing.
The combination of workforce housing and student housing aligns perfectly with the property’s prime location and surrounding amenities.
Key Selling Points
1. Strategic Location: In the heart of the Medical District, adjacent to healthcare facilities, West Magnolia Avenue, and public transit.
2. Immediate Income: Income-producing duplex generates $110,348 annually, offering immediate returns while offsetting holding costs.
3. Expanding Housing Demand: Serves both healthcare professionals and medical students in a rapidly growing district with significant development and job creation.
4. Long-Term Growth Potential: Positioned to capitalize on projected population and employment growth, bolstered by ongoing revitalization and infrastructure investments.
Why Develop Here?
The property offers developers a rare opportunity to create a residential project that addresses multiple high-demand housing needs in Fort Worth’s dynamic Medical District. From medical professionals to TCU students, this development has the potential to meet the demand for modern, walkable urban living while generating immediate income during the planning and construction phases.