1550 Jones Dr Arlington, TX 76013-3517
- Medical offices
- 3,075 SF
- 0.51 lot acres
Jun 23, 2023
Current Use by Public Records
- Davis Donald J MD / Obstetrician-Gynecologist
Property Details for 1550 Jones Dr
- Year built
- 1960
- Lot size
- 0.51 lot acres
- Property size
- 3,075 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 1720--5B
- APU
- 17205B
Description
This single-story, 3,075 square foot medical office building in Arlington, Texas, presents a compelling investment opportunity. Built in 1960 and renovated in 1994, the property boasts two vacant suites, ideal for a value-add renovation or redevelopment. Situated on a 0.51-acre lot with 17 parking spaces, its location at the intersection of W Park Row Dr and S Fielder Rd offers high visibility and accessibility. The property benefits from its proximity to both residential and commercial areas, including the University of Texas at Arlington, ensuring a diverse potential tenant base. The building is zoned CC and offers significant potential for various uses. The asking price is $525,000, translating to $170.73 per square foot. This represents a unique chance to acquire a well-located, vacant medical office building with substantial upside potential in a thriving Texas market. The property's size and location make it suitable for a range of redevelopment options, capitalizing on the area's growth and demand.
Value Estimation
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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
- -97.1338
- Latitude
- 32.7204
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
