347-349 N Cherry Ln - Retail FOR SALE


Fort Worth, TX 76108
$499,000 USD
817-366-0372
347-349 N Cherry Ln, Fort Worth, TX for Sale
$499,000 USD
Retail - FOR SALE
1/11
null | Request Cap Rate

347-349 N Cherry Ln
Fort Worth, TX 76108


HIGHLIGHTS

  • Fully-occupied, income-generating, low-maintenance, and great location!

OVERVIEW

Incredible opportunity to own a fully occupied income-producing commercial building with a rare, grandfathered residential apartment—perfectly positioned in the heart of Fort Worth’s West Side off Cherry Lane, complete with views of Downtown Fort Worth. This versatile property includes three fully leased commercial spaces: one occupied by a construction-related business, another by a vintage furniture store, and a small residential apartment that is legally grandfathered in and also leased. The property generates over $45,000 in gross income annually and is primed for a new owner seeking immediate cash flow. Located just minutes from Lockheed Martin, a major billion-dollar employer, and only moments from I-30 and Loop 820, this site offers unmatched accessibility and visibility. The building features ample parking, excellent road frontage, and low-maintenance construction, making it an ideal investment for hands-off ownership. Tenancy provides strong flexibility: Several tenants operate on month-to-month leases, giving the new owner room to adjust pricing or reposition as desired. One tenant is secured under lease through January 2026, offering stable, predictable income. The water bill is held in the owner’s name and fairly divided among tenants based on usage. The owner also maintains the yard, keeping operational demands minimal. The property is currently managed by a professional management company that can continue under new ownership for a seamless transition. Opportunities like this—fully occupied, income-generating, low-maintenance, and ideally located—rarely hit the market. No survey available. Don’t wait—this one won’t last long!

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

C

APN/PARCEL ID

03043215

ASK ABOUT THIS PROPERTY

Teresa von IllyesAmeriplex RealtorsMore Info
817-366-0372

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Teresa von IllyesAmeriplex RealtorsMore Info
817-366-0372

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.