Current Use by Public Records
- Land
Property Details for 6001 287 Frontage Rd
- Lot size
- 7.10 lot acres
- Property type
- Land
Description
This exceptional 7.1-acre land parcel presents a compelling investment opportunity in the thriving southwest Arlington, Texas market. Strategically located at the high-traffic intersection of US-287 and West Sublett Road, within the Kennedale ISD, this property benefits from its proximity to recently developed retail centers featuring major brands such as Kroger, LA Fitness, Chick-fil-A, and Starbucks. The site boasts excellent visibility along US-287, providing significant marketing advantages, despite upcoming TxDOT ramp construction plans. The area demonstrates strong demographics, further underscored by the success of nearby Alta Landing apartments, currently commanding $1.89 per square foot in rent. This gently sloping land, approximately 7.1 acres, offers frontage on Myers Road and a smaller frontage on US-287. Importantly, the site is free from FEMA floodplains and creeks, and includes some existing native trees. While global detention and wet utilities for multi-family development pads will require budgeting, the property's zoning is currently commercial, making it well-suited for rezoning to multi-family use. The asking price of $4,070,000 translates to $13.16 per square foot, offering a projected return of $18,500 per unit based on a 220-unit development (31 units per acre). The seller is willing to provide time for zoning adjustments, and MMA is suggested as a suitable civil engineering firm for this process. Detailed information is available in the downloadable flyer.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arlington
- County
- Tarrant
- State
- Texas
- Longitude
- -97.186
- Latitude
- 32.6486
