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    FOR SALE
    Banks

    1100 Milby Rd, Arlington, TX 76013

    1,072 SF 1.9 ac lot Built 1980
    Individually Owned 6-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US82-2814683
    Property summary
    AI-generated overview

    This exceptional 1.9-acre commercial property, located at 1100 Milby Road in Arlington, Texas, presents a unique redevelopment opportunity. Currently featuring a smaller building and a large covered drive-through, this site boasts significant road frontage on three sides: 207 feet on Church Street, 387 feet on Milby Road, and 203 feet on James Street. The property is zoned commercial, making it ideal for a variety of uses, including office, retail, or service-oriented businesses. Its prime location in Arlington places it in close proximity to thriving businesses such as Dutch Bros Coffee and Aldi, ensuring high visibility and accessibility. The existing paved lot simplifies development, and the seller possesses pre-existing plats and plans specifically designed for retail development, streamlining the permitting process. This is a rare chance to acquire a substantial commercial parcel in a high-demand area, ready for immediate development to suit your vision. The 1,072 square foot building on the property is an older Chase Bank branch, providing a solid foundation for a new construction project. The extensive road frontage offers exceptional flexibility in design and layout, maximizing potential for various commercial ventures. This property is priced at $1,375,000.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1980
    Total area 1,072 SF
    Lot 1.9 ac (82,764 SF)
    APN 22845--24R1
    UPID US82-2814683
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Alex Q Pham · 6 yrs held
    Alex Q Pham
    since 2019
    2 recorded transactions
    2019
    2019
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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