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DALTX Real Estate > Fort Worth Downtown Building > Want a Tower Penthouse at Bargain Price? Get Cracking on This Shell
Fort Worth Downtown Building

Want a Tower Penthouse at Bargain Price? Get Cracking on This Shell

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To what lengths are you willing to go to own a piece of the sky?

One of the most unique Fort Worth properties on the market now is a top-story penthouse at 500 Throckmorton, AKA The Tower. It’s Unit No. 3506, and it’s priced well under $1 million. What’s the catch? To say that it needs some work is an understatement. It needs everything. Like a kitchen, for starters.

Just in case you’re contemplating a DIY, you’re going to need to pull a few permits.

Granted, The Tower has taken its knocks, and for five years it was what I once deemed “a storm-orphaned edifice.” However, what you are seeing is not the result of the 2000 tornado. Actually, the unit offers a great opportunity for a buyer looking for a blank canvas.

The glass-half-full take? For sale: penthouse apartment with tear-out completed. Glass-full-to-overflowing take? Huge investment potential. A well-managed finish out could easily triple the value of this apartment.

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The Tower penthouse has an impressive 3,400 square feet and is described as a three-bedroom, three-bathroom apartment. Presumably, the bathrooms have been roughed in. Digital renderings below give an idea of the property’s potential.

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What needs no reworking are the breathtaking vistas, which can be enjoyed from walls of floor-to-ceiling windows or a private balcony. The unit also comes with four assigned parking spaces.

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The HOA dues give full access to the many amenities located on the fifth floor. The gym has been completely renovated and a putting green and dog run has been added. Have out-of-town guests? There are two apartments available to Tower residents for a negligible fee of $75 per night. And there are all of the conveniences of a lock-and-leave building in the vibrant downtown Fort Worth city center with a walkability score of 92.

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Barbara Pantuso of Pantuso Properties within Keller Williams is offering The Tower Penthouse at 500 Throckmorton Street, No. 3506 for $695,000.

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TAGGED:500 ThrockmortonBarbara PantusoEric ProkeshFort Worth Downtown LivingFort Worth FridayFort Worth Luxury Real EstateKeller Williams RealtyPantuso Properties
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