120 Abram StArlington, TX 76010

Property Details for 120 Abram St

Year built

1970

Lot size

0.25 AC

Property size (Sq ft)

7,440 SF

Property type

Office buildings

APN

958-50-5R1

APU

958505R1

Description

This exceptional 7,650 square foot office building, located at 120 E Abram St in Arlington, Texas, presents a unique investment opportunity. Currently fully vacant, this single-story, Class B building offers five individual suites ranging from approximately 980 to 1,967 square feet, perfect for a variety of tenants. Built in 1970 and extensively renovated in 2022, the property boasts a desirable location in Tarrant County, zoned F1. Its convenient downtown Arlington address places it directly across from City Hall and the library, offering easy access to municipal services and a vibrant urban atmosphere. The property sits on a 0.25-acre lot and provides ample street parking, with additional public garages conveniently located nearby. The building's versatile design, encompassing both traditional and medical office subtypes, makes it an ideal choice for a diverse range of businesses. This is a rare chance to acquire a fully vacant, renovated building in a high-traffic area with excellent visibility and proximity to essential amenities. The property's recent renovation ensures modern functionality and aesthetics, minimizing immediate capital expenditure needs for the new owner. The flexible suite sizes allow for customization to suit individual tenant requirements, maximizing rental income potential. This prime location offers unparalleled access to a thriving community and a strong potential for long-term growth.

• CAP approach

  CAP return

  Valuation

  6%

  $1,424,736

  6.5%

  $1,315,141

  7%

  $1,221,202

• Comparable approach

  Method

  Valuation

  Relative Method

  $952,060

  Geo Method

  $2,227,462

• Alternative Use

  Use

  Valuation

  Residential

  $1,630,775

  Hospitality

  $1,493,781

  Educational

  $1,242,808

  Medical

  $1,285,550

  Retail

  $1,933,257

Location Insight

City

Arlington

County

Tarrant

State

Texas

Latitude

32.7354

Longitude

-97.1062

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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