347 N Cherry Ln |
|
| Price: | $499,000 |
| Property Type: | commercial_industrial |
| MLS #: | 21121857 |
| 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! | |
| Area: | Tarrant |
| Year Built: | 1970 |
| Bedrooms: | None |
| Bathrooms: | None |
| Acres: | 0.328 |
| Virtual Tour: | Click here to view |
Courtesy: Teresa Von Illyes • AmeriPlex Realty, Inc. • 817-246-4444 
Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. Data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS.
This content last refreshed on 06/21/2026 10:15 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
