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$1,500,000
Est. payment /mo
0.44 Acres Lot
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Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Six Flags Bus Park Add
MLS Listing ID 21198587
HOA Y/N None
Annual Tax Amount $4,371
Lot Size 0.436 Acres
Acres 0.436
Property Sub-Type Unimproved Land
Property Description
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.
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.
Location
State TX
County Tarrant
Zoning Comercial
Direction Near Interstate 30 and Highway 360. Use GPS for best route.
Exterior
Utilities Available Asphalt, Cable Available, City Sewer, City Water, Electricity Available
Street Surface Asphalt
Garage No
Building
Lot Description Acreage, Interior Lot, Level
Schools
Elementary Schools Webb
High Schools Lamar
School District Arlington Isd
Others
Restrictions Agricultural,Animals,No Mobile Home
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21198587
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Listed by Mark Allen • Onyx Legacy Realty LLC
NEARBY SCHOOL & BUSINESS
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