White Settlement, TX 76108 347 N Cherry Lane
$532,000



3 more



Presented By: Teresa Von Illyes with AmeriPlex Realty, Inc.;
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
Home Details
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!
Presented By: Teresa Von Illyes with AmeriPlex Realty, Inc.;
Interior Features for 347 N Cherry Lane
Other Interior Features
FlooringConcrete
Lock Box TypeNone
SQFT Gross3550
Total Stories1
Total Units3
General for 347 N Cherry Lane
Building UseOther
Business TypeConstruction/Contractor, Furniture, Residential
Ceiling Height8 to10 Feet
CityWhite Settlement
Construction MaterialsConcrete
CoolingCentral Air
CountyTarrant
DirectionsFROM i-30 WEST EXIT CHERRY LANE AND HEAD NORTH. GO PAST WHITE SETTLEMENT ROAD AND BUILDING ON LEFT.
ExclusionsMinerals, if any
Gross Annual Expenses5000.00
HeatingCentral
Listing TermsCash, Conventional
PossessionClosing/Funding
Property SubtypeRetail
Property TypeCommercial Sale
RoofConcrete
Standard StatusActive
StatusActive
Subdivision NameSunset Gardens Add
Tenant PaysAll Utilities, Repairs
Unexempt Taxes7699
UtilitiesCity Sewer, City Water
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1970
Year Built DetailsPreowned
Zoning DescriptionCommercial with grandfathered residential
Exterior for 347 N Cherry Lane
Building Area Total3550.00
Construction Materials WallsCement Block
Foundation Slab
Lot SizeLess Than .5 Acre (not Zero)
Lot Size Acres0.3280
Lot Size Area0.3280
Lot Size SourceAssessor
Lot Size Square Feet14287.6800
Lot Size UnitsAcres
Parking FeaturesAdditional Parking, Driveway, Parking Lot
Road Frontage TypeCity Street
WaterfrontNo
Additional Details
Price History
Suzanne Smith
Broker/Owner
