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5401 Benbrook Blvd
Benbrook, TX 76126
Land For Sale · 13.89 AC

INVESTMENT HIGHLIGHTS

  • CLOSE PROXIMITY TO MAJOR EMPLOYMENT
  • EXCELLENT VISIBILITY AND ACCESS
  • RAPIDLY DENSIFYING, HIGH-INCOME SUBMARKET
  • SURROUNDED BY NATURAL AMENITIES
  • HIGH-DENSITY RESIDENTIAL ZONING POTENTIAL

PROPERTY FACTS

Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Dorms
  • Apartment Units - Senior
Total Lot Size 13.89 AC
Zoning A-5 - Residential

DESCRIPTION

Cushman & Wakefield is pleased to offer to qualified investors the opportunity to purchase ±13.887 acres of land (the “Property”) uniquely situated along US Highway 377 (Benbrook Highway) and surrounded by the 134.38 acre Z Boaz Park.? Z Boaz Park was dedicated to the City of Fort Worth in 1928 by Z Boaz and includes nature trails, children’s playground, picnic tables, two baseball/softball fields, soccer field, pedestrian bridge, multipurpose courts, public restrooms and well-lit parking lots.? The Property benefits from its direct adjacency to the park and enjoys excellent visibility to US Highway 377, which provides direct access to Downtown Fort Worth, within 8 miles, as it goes north and turns into Camp Bowie Boulevard.? US Highway 377 also provides direct regional access to Interstate 20 / Lop 820 to the south and Interstate 30 to the north.? US Highway 377 is also known as Benbrook Boulevard and is the “Main Street” of Downtown Benbrook which is about 1 mile south.? Southwest Fort Worth is one of the fastest growing submarkets in Fort Worth due to it’s superior quality of life, close proximity to major employment centers, and convenient access to regional transportation networks.? The Property is approximately 3.5 miles from the Hulen Mall and City View retail districts, 4 miles from Harris Methodist Southwest Hospital and periphery medical centers and surrounded by some of DFW’s top private schools.? This proximity provides ample demand for new quality housing now and into the future.? Additionally, the Property is directly across the street from one fo the areas highest quality subdivisions, La Cantera, whose home values range between $1MM and $2MM+.? Multifamily rents at newly built developments in the submarket are attaining $1,500 to $1,700 per month average rental rates and leasing up faster than pro forma.? The Property is one of the few remaining vacant sites north of I-20 that can accommodate high-density residential development.? This phenomenon coupled with natural amenities, excellent access and visibility, and proximity to growing employment centers, creates an insulated development opportunity to capture current and future residential demand in the market.?

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04718070
Land Assessment
$151,279
Improvements Assessment
$0
Total Assessment
$151,279
  • Listing ID: 24092974

  • Date on Market: 9/14/2021

  • Last Updated:

  • Address: 5401 Benbrook Blvd, Benbrook, TX 76126

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