A downtown Fort Worth property that’s ripe for redevelopment has hit the market.
The building at 1100 Macon St. off of Lancaster Avenue is for sale for $4.5 million. The property includes a parking lot across the street.
It is owned by Diaz Real Estate Holdings and once housed the Manuel Diaz Law Firm. Dallas-based Sentry Commercial Real Estate is executing the sale.
“It’s over an acre in downtown Fort Worth, which is very hard to come by,” said Ricardo Diaz, a broker with Sentry. “It would be most beneficial for someone to redevelop it.”
It is adjacent to the site of a future QuikTrip at the corner of Lancaster Avenue and Henderson Street. Its perks include its proximity to the convention center, the Texas A&M University Law Campus and future development at Panther Island, said Diaz.
The property is zoned “H” or Central Business; this permits multifamily residential development as well as commerical use.
Sentry is requesting that interested buyers send offers by Sept. 25.