0 Roosevelt StArlington, TX 76011

Property Details for 0 Roosevelt St

Property type

Mixed-use properties

Property subtype

Land

Description

This exceptional 1.3-acre property, comprised of six parcels, presents a unique redevelopment opportunity in Arlington, Texas. Located in the heart of the Entertainment District Overlay (EDO), this land offers unparalleled proximity to AT&T Stadium, Globe Life Field, Texas Live!, The Backyard, and numerous other entertainment venues, including the soon-to-open Medal of Honor museum. Currently zoned RM-12, the property boasts a multitude of potential exit strategies, making it ideal for various developments. The existing six homes generate nearly $130,000 in annual rental income, providing immediate cash flow. This is one of the last remaining undeveloped areas near the stadiums, surrounded by recently developed properties to the north, east, and south. The location is perfect for multi-family residential, hospitality, retail, restaurant, bar, or entertainment uses. The property's strategic position and high-growth potential make it an exceptional investment opportunity, priced at $4,000,000 with a net operating income (NOI) of $127,000. This is a rare chance to capitalize on the booming Arlington entertainment district. The property is situated less than a block west of AT&T Stadium and minutes from Six Flags, Hurricane Harbor, and the new AISD Liberal Arts Center. This prime real estate offers a compelling blend of immediate income and significant long-term growth potential.

Location Insight

City

Arlington

County

Tarrant

State

Texas

Latitude

32.75

Longitude

-97.0997

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