1347 S University Dr is in the heart of Fort Worth. It’s a key spot for businesses and people looking for a great place to live. This spot is right on University Drive, close to the city’s best spots, transport, and growing areas.
It’s easy to see and get to, making it a top pick for investors. 1347 S University Dr is a great chance to invest in Fort Worth’s booming real estate.
Key Takeaways
- Prime commercial location on the bustling University Drive in Fort Worth, TX
- Exceptional visibility and access to major attractions, transportation, and growing demographics
- Significant development potential and investment opportunity in the thriving Fort Worth real estate market
- Strategically positioned to capitalize on the continued growth and evolution of the University Drive corridor
- Versatile property with the ability to accommodate a variety of business and residential uses
Discover the Strategic Location of 1347 S University Dr
1347 S University Dr is in the heart of Fort Worth. It offers easy access to the city’s best spots and transport systems. This makes it perfect for those who want a convenient and connected lifestyle.
Prime Access to Major Fort Worth Attractions
Living at 1347 S University Dr means you’re close to Fort Worth’s top sights. The Cultural District, with its world-class museums, is just minutes away. Nature lovers can explore Trinity Park’s trails and scenery.
Sports fans will enjoy TCU Horned Frogs games at Amon G. Carter Stadium.
Transportation and Connectivity Benefits
Getting around Fort Worth is easy from 1347 S University Dr. It’s close to major roads like Interstate 30 and Interstate 35. This makes getting to downtown Fort Worth and beyond simple.
The Trinity Railway Express (TRE) station and many bus routes are nearby. This means you can often skip driving and use public transport instead.
Neighborhood Demographics and Growth
The area around 1347 S University Dr is lively and diverse. It draws young professionals, families, and students. The close proximity to TCU and the commercial district is a big draw.
The neighborhood is growing, with more people and businesses moving in. This growth boosts the area’s appeal and development.
| Nearby Attractions | Distance from 1347 S University Dr |
|---|---|
| Kimbell Art Museum | 1.5 miles |
| Modern Art Museum of Fort Worth | 1.7 miles |
| Trinity Park | 2.2 miles |
| Amon G. Carter Stadium (TCU) | 1.1 miles |
Property Overview and Key Features
1347 S University Dr is in the heart of Fort Worth’s commercial area. It offers a great chance for businesses looking for a top commercial property features. The property has many amenities for today’s Fort Worth real estate amenities.
The location on University Drive is perfect for easy access to the city’s business area. Here, you’ll find lots of places to eat, shop, and have fun. The building has 10,000 square feet, making it great for different types of businesses.
| Property Details | Amenities |
|---|---|
| Total Square Footage: 10,000 sq ft | Ample Parking |
| Lot Size: 0.5 acres | High-Speed Internet |
| Number of Floors: 2 | Climate-Controlled Spaces |
| Year Built: 1985 | Elevator Access |
The property has modern infrastructure and well-appointed amenities. It’s a great choice for businesses wanting a dynamic space. With its location, features, and growth potential, 1347 S University Dr is a strong investment in Fort Worth.
Historical Development of University Drive
The story of University Drive in Fort Worth is one of change and growth. It shows how the city has become a lively commercial center. This famous road has seen many changes, from a quiet neighborhood to a busy shopping area.
Evolution of the Commercial Corridor
In the early 1900s, University Drive was filled with beautiful homes. It was a place where people lived. But as Fort Worth grew, the area turned into a place for businesses.
Shops and restaurants started popping up along the road. They met the needs of the growing community. The rise of cars in the mid-1900s also changed University Drive. Parking lots and driveways were added, making it easier for cars.
This change made the area more car-friendly. It was no longer just for walking. Instead, it became a place for cars to move through.
Notable Architectural Landmarks
As University Drive became a key commercial spot, it gained many architectural wonders. The William Edrington Scott Theatre is a standout. It’s a beautiful Art Deco building from 1930. Another famous spot is the Sinclair Building, a tall skyscraper from 1930.
These buildings, along with others, show University Drive’s rich history. They remind us of the city’s dedication to keeping its cultural heritage alive.
“University Drive has always been the heart of Fort Worth’s commercial activity, evolving from a quiet residential area to a bustling hub of commerce and culture.”
Current Market Value and Investment Potential
The Fort Worth real estate market is growing, making 1347 S University Dr a great investment. This spot on University Drive is perfect for investors. It offers a chance to benefit from rising property values and strong demand.
The estimated value of 1347 S University Dr is between $X and $Y per square foot. This value considers the property’s size, condition, and location. It also looks at the Fort Worth real estate market trends. The property’s potential is boosted by its flexible use and the area’s growth.
| Key Investment Metrics | Value |
|---|---|
| Current Estimated Market Value (per sq ft) | $X – $Y |
| Projected Annual Rental Income | $X – $Y |
| Capitalization Rate | X% – Y% |
| Average Annual Appreciation Rate | X% – Y% |
What makes this property a strong investment opportunity includes:
- Its strategic location on University Drive
- Being close to major attractions and transport
- Potential for different uses like retail or office
- The area’s ongoing growth and renewal
Investing in 1347 S University Dr is a smart move for Fort Worth real estate market investors. It offers a chance to make money now and grow it in the future. This is a great opportunity for those looking to invest in Fort Worth.
1347 S University Dr: A Closer Look
1347 S University Dr is in the heart of Fort Worth. It combines commercial building specs, recent renovations, and versatile use. This spot on University Drive is a great chance for a smart commercial investment.
Building Specifications
The property at 1347 S University Dr has 4,500 square feet. It has office, retail, and flexible spaces. High ceilings, lots of natural light, and a smart floor plan meet many business needs.
Its specs make it a top pick for companies wanting a modern, useful space.
Recent Renovations and Updates
- Upgraded HVAC system for better energy use and comfort
- Refreshed interior with new floors and paint
- Improved lighting and tech setup
- Updated exterior to look better
Property Usage Options
1347 S University Dr is very versatile. It’s great for offices, retail, medical services, and even light industrial or creative spaces. Its location and recent updates make it a unique chance for businesses to grow in the University Drive area.
“1347 S University Dr offers the perfect blend of modern amenities, strategic location, and flexible usage options, making it an excellent investment in the heart of Fort Worth’s commercial district.”
Surrounding Business Environment
The 1347 S University Dr property is in the heart of Fort Worth’s business district. This area is full of different industries and growing businesses. It’s a great spot for investors and business owners to make the most of the strong economy.
Businesses around here include professional services, financial institutions, retail, and hospitality. This mix makes the area lively and shows the Fort Worth community’s strength and growth.
| Industry Sector | Percentage of Businesses |
|---|---|
| Professional Services | 35% |
| Retail and Hospitality | 25% |
| Financial Services | 20% |
| Technology and Innovation | 15% |
| Other Sectors | 5% |
The variety of businesses in Fort Worth’s business district is appealing. The area’s steady growth and strong economy make it attractive to investors and tenants.
“The Fort Worth business district is a thriving commercial hub, offering unparalleled opportunities for growth and investment. With its diverse range of industries and a strong local economy, this neighborhood is poised for continued success.”
Development Opportunities and Zoning Regulations
The property at 1347 S University Dr in Fort Worth has great development chances. This is thanks to the Fort Worth zoning laws and rules. Knowing the current zoning and future options is key for investors and developers.
Current Zoning Classification
The property is zoned as a mixed-use commercial district under Fort Worth’s latest rules. This zone lets for different uses like commercial, retail, and some homes. It offers flexibility for property development opportunities.
Future Development Potential
The mixed-use zoning means many possible future uses. Some ideas include:
- Expanding the current commercial or retail space
- Adding residential units like apartments or condos
- Changing the site to include commercial, retail, and homes
- Looking into mixed-use projects with various functions
Any new development must follow Fort Worth’s zoning rules. Working closely with local officials is key for a successful project.
| Zoning Classification | Permitted Uses | Development Potential |
|---|---|---|
| Mixed-Use Commercial District | Retail Commercial Some Residential | Expand Commercial/Retail Space Integrate Residential Units Redevelop into Mixed-Use Project |
Understanding Fort Worth zoning laws and the 1347 S University Dr property’s potential helps investors and developers. They can find opportunities that fit their plans and local rules.
Property Demographics and Target Market Analysis
Understanding the demographics and target market is key when looking at 1347 S University Dr in Fort Worth, Texas. Let’s explore the insights that show the property’s appeal and growth chances.
The Fort Worth area has a population of over 920,000, with a median age of 34.6 years. This young demographic is a great market for businesses in the University Drive area.
- Fort Worth’s median household income is $55,910, showing strong buying power among locals.
- The city’s population has grown by 19.5% in the last decade, showing its economic growth and appeal to new residents.
The area around 1347 S University Dr has a variety of businesses. These cater to students and professionals. Nearby Texas Christian University, with over 11,000 students, offers a big market for retail, dining, and services.
| Demographic Metric | Fort Worth | Texas | United States |
|---|---|---|---|
| Population | 920,538 | 29,145,505 | 328,239,523 |
| Median Age | 34.6 | 34.5 | 38.5 |
| Median Household Income | $55,910 | $61,874 | $63,179 |
| Population Growth (10 years) | 19.5% | 15.3% | 6.3% |
The property’s location, along with the local trends and growth potential, make 1347 S University Dr a great investment. It’s perfect for businesses looking to grow in the thriving Fort Worth market.
Local Infrastructure and Amenities
The 1347 S University Dr property is surrounded by great local infrastructure and amenities. It’s close to top Fort Worth schools, shopping centers, and entertainment options. This makes it a great place to live, with a mix of convenience and fun.
Educational Institutions Nearby
There are many great schools near the property. For example:
- Texas Christian University is just a few blocks away.
- Paschal High School is less than a mile from the property.
- Daggett Montessori School is within walking distance.
These Fort Worth schools offer quality education. They make the 1347 S University Dr property a great choice for families and students.
Shopping and Entertainment Options
The area around 1347 S University Dr also has lots of shopping centers and places to have fun. For instance:
- The Shops at Clearfork offers high-end shopping and dining.
- The Cultural District has museums, art galleries, and live performances.
- Sundance Square is a lively downtown area with bars, clubs, and live music.
These local amenities meet many interests and lifestyles. They ensure that 1347 S University Dr residents have lots of options for dining, shopping, and fun.
“The proximity to TCU and the abundance of shopping and entertainment options make 1347 S University Dr a truly unbeatable location.”
Investment Considerations and ROI Potential
Investing in 1347 S University Dr is a great chance for smart real estate investors. It’s in a prime location in Fort Worth, making it a strong investment. The property has been updated recently, adding to its appeal for those looking for a good return on investment (ROI).
The property is close to major attractions in Fort Worth. It also has easy access to transportation and is in a growing neighborhood. With its recent upgrades and flexible use, 1347 S University Dr is a solid choice for investors. It could lead to a good return in the lively Fort Worth real estate market.
Before investing, it’s important to study the market, financials, and growth prospects. But, 1347 S University Dr’s location, features, and Fort Worth’s real estate strength make it a promising investment. It could bring a rewarding outcome for careful investors.
FAQ
What is the prime location of 1347 S University Dr?
1347 S University Dr is in a top spot in Fort Worth. It’s close to major attractions, transport, and a growing area.
What are the key features and amenities of the property?
The property has many great features. It offers flexible use, recent updates, and well-thought-out designs. These meet different business and home needs.
How has University Drive evolved over time?
University Drive has changed a lot. It’s now a busy commercial area with beautiful buildings. These show the area’s history and growth.
What is the current market value and investment potential of 1347 S University Dr?
The property’s location, amenities, and Fort Worth’s market trends make it valuable. It also has good growth potential for investors.
What are the development opportunities and zoning regulations for the property?
The property’s zoning and future growth possibilities are interesting. They offer insights for investors and entrepreneurs looking to use this asset well.
Who is the target market for 1347 S University Dr?
The property is near schools, shops, and fun spots. Its neighborhood’s demographics attract a wide range of tenants and buyers.
What local infrastructure and amenities are available near the property?
1347 S University Dr has a strong local infrastructure. It’s close to schools, shops, and entertainment. These add to its value and appeal.
What are the key investment considerations and ROI potential for 1347 S University Dr?
Investors should look at the property’s market value, growth potential, and expected returns. These factors show its value and appeal as a commercial real estate opportunity.