3650 Lovell - Potential Redevelopment | 3650 Lovell Ave
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3650 Lovell - Potential Redevelopment 3650 Lovell Ave
26,930 SF Office Building Fort Worth, TX 76107 $12,000,000 ($446/SF)
Executive Summary
2.8 Acres with 26,930 sf office occupied by law firm. Potential redevelopment opportunity. Current tenant (part owner) will lease back for approximately 6 months post closing. Additional 6,740 sf office building shell being used for storage. 22,680 sf front pad is deed restricted against C-store, gas station, Starbucks (or similar), Subway (or similar), and dine-in or drive thru Mexican food. Remainder of property restricted only against dine-in or drive thru Mexican food.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
26,930 SF
Building Class
C
Year Built
1985
Price
$12,000,000
Price Per SF
$446
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
13,465 SF
Building FAR
0.22
Lot Size
2.80 AC
Zoning
Light Industrial & Comm. - 22,680 sf pad fronting I-30 is zoned "E" Commercial. Remainder of the property is zoned "I" Light Industrial.
Parking
150 Spaces (5.57 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 04809696 | Improvements Assessment | $199,728 |
| Land Assessment | $1,846,800 | Total Assessment | $2,046,528 |
PROPERTY TAXES
Parcel Number
04809696
Land Assessment
$1,846,800
Improvements Assessment
$199,728
Total Assessment
$2,046,528
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3650 Lovell - Potential Redevelopment | 3650 Lovell Ave
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