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502 Grand Ave 6,268 SF 100% Leased Flex Building Fort Worth, TX 76164 For Sale

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EXECUTIVE SUMMARY

502 Grand Ave is a distinctive commercial property located in Fort Worth’s historic and culturally rich Northside district. For the past decade, it has been home to Magdalena’s, a beloved local culinary destination known for its acclaimed supper club and private dining experiences. The building blends classic neighborhood character with inviting charm, offering flexible interior space well-suited for hospitality, creative ventures, or boutique commercial use. Its proximity to the Stockyards and growing development corridors adds further appeal, making it an ideal opportunity for an operator seeking a property with built-in identity and community presence.

PROPERTY FACTS

Sale Type Investment
Sale Condition 1031 Exchange
Property Type
Flex
  • General Retail Restaurant
  • Industrial Food Processing
  • OfficeLoft Creative Space
Building Class B
Lot Size 0.66 AC
Rentable Building Area 6,268 SF
No. Stories 1
Year Built 1949
Parking Ratio 4.63/1,000 SF
Clear Ceiling Height 12’
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 1
Zoning PD ER - PD ER with Event Center (Restaurant possible with waiver from City of Fort Worth)

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Magdalena's
  • Accommodation and Food Services
  • -
  • -
  • Modified Gross
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Magdalena's Accommodation and Food Services - - Modified Gross -
Bike Score®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
42527277
Land Assessment
$80,760 CAD
Improvements Assessment
$502,954 CAD
Total Assessment
$583,714 CAD
  • Listing ID: 25732749

  • Date on Market: 2022-05-18

  • Last Updated:

  • Address: 502 Grand Ave, Fort Worth, TX 76164

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