347 N Cherry Lane
White Settlement, TX 76108
$499,000
3,550 sqft
Description
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!
Location
Schools
| School Name | Grades | Admission |
|---|---|---|
| Tannahill Intermediate School | 5 - 6 | Regular |
| Brewer Middle School | 7 - 8 | Regular |
| Brewer High School | 9 - 12 | Regular |
| Unassigned | PK - PK | Regular |
| Liberty Elementary School | KG - 4 | Regular |
| 5 Schools | ||
*All school information should be verified by local Independent School District.
* Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer.
The information contained herein is furnished by the owner to the best of his/her knowledge, but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.