Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Lot size
0.436 acres
Rare income producing vacant commercial lot for sale directly across from Six Flags Theme Park & in close proximity to AT&T Stadium & Globe Life Field. There is currently a contract in place with a premier parking company. The site yields roughly $160k in gross profis which the current owner is due 50% throughout the year. A new owner can immediatley earn income prior to re-developing the parcel or elect to not re-new the agreement post expiration and create a self managed parking business. Property is located within the City of Arlington's Entertainment District Overlay (EDO) which is intended to create an identifiable & exciting character for the 2,700-acre entertainment area in the central city. New development & redevelopment in the EDO district is guided by development standards intended to promote a complementary mix of land uses & physical design per City of Arlington's Planning & Zoning division. This site, formerly a Steak & Ale restaurant, is equidistant between Dallas & Fort Worth, is easily accessible from I-30 and Hwy 360 & is best suited for high density development such as hotels, restaurant & retail. Traffic counts on Six Flags Dr are 6,983 vehicles per day & 178,000 on Hwy 360 per CoStar analytics. 2022 average household income within a 5 mile radius is $66,386 with a population totaling 312,054. Survey in transaction desk.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Interior Lot, Level
-
Lot Size(acres)
0.436
-
Property Type
Land
-
Property Sub Type
Unimproved Land
Price
-
Sales Price
$1,500,000
-
Tax Amount
$4,371
-
Zoning
Comercial
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Webb
-
Middle School
Nichols
-
High School
Lamar
Property Features
-
Sewer
Public Sewer
-
Tax Lot
33
-
Water Source
Public
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Location
County
Tarrant
Elementary School
Webb
Middle School
Nichols
High School
Lamar
Listing Courtesy of Mark Allen , Onyx Legacy Realty LLC
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