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- LoopNet Team
813 W 7th St
Fort Worth, TX 76102
W 7th St & Macon St Parking Lots · For Lease
PROPERTY FACTS
| Property Type | Land | Proposed Use | Parking Lot |
| Property Subtype | Commercial |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Parking Lot |
Property Overview
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.
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.
- Excellent positioning at the center of Fort Worth’s Central Business District with easy access to I-30 & I-35W.
- Terrific cash-flow investment with immediate upside (below market and outdated lease expiring at the end of February 2024).
- Extremely rare parking lot investment and covered land play with significant upside potential through repositioning the lease and/or redevelopment.
- Totaling 0.637 AC, and located along the primary east-west artery (W. 7th Street), the dominant commercial corridor that connects Downtown Fort Worth
- Strategically positioned among countless traffic & parking generators (11.3MM SF of office alone)
