Development Site Ideal For Multi-Family or Medical-Commerical

1801 Park Place Avenue Fort Worth, TX 76110

$8,500,000 / ($63.50 PSF) - 130,178 SF / 2.988 Acres (+/-) Per Survey

Park Place Village

Located in the Near Southside area - one block west of 8th Avenue - 2 blocks south of Baylor All Saints Hospital, just south of downtown Fort Worth.

Taxes 2017 are $14,500 approximate - TAD value of $511,547.

Zoning is NS-T5I (Allows commercial, multi-family and industrial uses) (Texas Southside Development Standards & Guidelines available upon request).

Comments:

1.) Subject site currently occupied by Quarles Lumber Company-who will need time to relocate.

2.) This site is directly across the street from a new surgical center and office development (Site purchased in 2012 and new construction completed)

Additional Info:

1.) Adjacent to the south of subject site is a 2.12 Acre (+/-) site - also available - price negotiable (Also zoned NS-T5I)

2.) The rail spur to the east of subject property contains approx. 1.24 acres and could possibly be purchased-price negotiable.

Contact:

Gary E. Vasseur, Vasseur Commercial Real Estate, Inc.

817-335-7575 x 226 or gvasseur@vasseurcre.com