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404 W Main St

36,279 SF Vacant Retail Building Azle, TX 76020 $3,511,700 CAD ($97 CAD/SF)

Investment Highlights

  • Convenient access to Jacksboro Highway and fronts Main Street
  • Large Conference Meeting area used by various businesses and organizations during the year. Office spaces available to multiple tenants.

Executive Summary

Location Overview:
This property is situated in a prime downtown Azle location, home to the Chamber of Commerce and a key event hub for the city. Azle is a rapidly growing community with excellent access to major highways, providing quick routes to Fort Worth, just 17 miles away. The property is conveniently located near key infrastructure, including Meacham International Airport and Alliance Airport, as well as several higher education institutions, such as Texas Wesleyan University and Tarrant County College. Major healthcare facilities, including Texas Health Harris Methodist Hospital and JPS Health Network, are also nearby.
About the Property:
The property at 404 is uniquely zoned for Industrial, Manufacturing, Retail, Office, or Storage, offering incredible flexibility for potential uses. It is appraised at $3.1 million, but given current construction costs, the real replacement value is estimated to be closer to $6.5 million (at $180 per square foot).
Size: Approximately 36,279 square feet, plus an additional mezzanine office and open areas totaling around 4,000 square feet (to be confirmed).
Additional Structures: An attached metal storage building measuring 22’x79’, approximately 1,738 square feet.
Utilities:
Electricity: Provided by Rhythm Electric, featuring two 240V 3-phase legs and three meters.
Water: Supplied by the City of Azle.
Gas: Available to the property but not currently connected.
Inspections:
Phase I & II environmental inspections have been completed.
Recent reports on the roof, RTUs, electrical systems, and plumbing indicate everything is in good condition.
Tax Details:
This property is taxed in both Tarrant and Parker counties, with a mix of school and property taxes. Most property taxes are assessed through Parker County, resulting in a lower overall tax liability.
Additional Highlights:
Azle is experiencing growth from new residential and commercial developments, making it an ideal location for businesses looking to capitalize on expansion while enjoying a small-town feel. The area’s improving infrastructure and proximity to Fort Worth enhance its appeal.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
36,279 SF
Building Class
B
Year Built
2004
Price
$3,511,700 CAD
Price Per SF
$97 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Land Acres
2.09 AC
Zoning
Commercial - Commercial Building (Retail, Industrial or office)
Parking
85 Spaces (2.34 Spaces per 1,000 SF Leased)
Frontage
36,279 ft on Main Street

Amenities

  • Restaurant
  • Signage
  • Storage Space
  • Air Conditioning

About 404 W Main St , Azle, TX 76020

History of Property - First Owner - produced Product Sample Books Second Owner Converted the property into a Church with a small restaurant for church members Third Owner - Another church, converted part of the building into a Community Center Forth Owner - Kept the Church and the Community Center as Tenants and added Retail Tenants and some interior office spaces. This is approximately a 36,279 SF building with multiple tenants. Prime location with excellent value added investment opportunity This property appraised at 3.1 Million Dollars in 2023 with a replacement cost, minimum of $3.9 Million, real cost 6.5 Million. This property is taxed in both Tarrant County in Parker County. There is a mix of school and property taxes split between the two counties.

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 10,000-20,000 SF
  • Flex
  • In-Line
  • Now

Space has multiple uses - currently the vacant suite is used for Azle special events, High School events, Church use on Sundays, and pretty much any event being held in Azle.

Space Size Space Use Position Available
1st Floor 10,000-20,000 SF Flex In-Line Now

1st Floor

Size
10,000-20,000 SF
Space Use
Flex
Position
In-Line
Available
Now

1st Floor

Size 10,000-20,000 SF
Space Use Flex
Position In-Line
Available Now

Space has multiple uses - currently the vacant suite is used for Azle special events, High School events, Church use on Sundays, and pretty much any event being held in Azle.

Nearby Major Retailers

WW
CrossFit
Dutch Bros. Coffee
Albertsons Sav-on Pharmacy
Starbucks
Prosperity Bank
Taco Casa
Anytime Fitness
Palio’s Pizza Café
Rent-A-Center

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R000007595
Land Assessment
$511,528 CAD
Improvements Assessment
$710,543 CAD
Total Assessment
$1,222,072 CAD
  • Listing ID: 18650721

  • Date on Market: 2020-02-26

  • Last Updated:

  • Address: 404 W Main St, Azle, TX 76020

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