1009 Bowen RdArlington, TX 76012

Property Details for 1009 Bowen Rd

Year built

1973

Lot size

0.44 AC

Property size (Sq ft)

3,800 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

30885-4-18B

APU

30885418B

Description

This exceptional mixed-use property, located at 1009 N Bowen Rd, Arlington, TX 76012, presents a compelling investment opportunity. The single-story, 3,800 square foot building, constructed in 1973, sits on a 0.435-acre lot and is currently vacant, offering immediate potential for a variety of retail uses. Zoned for commercial purposes, the property boasts 16 parking spaces and a convenient double drive-through. The building features a ceiling height ranging from 8 to 12 feet, providing ample space for various retail configurations. The property is situated in a desirable Arlington neighborhood near Interlochen, offering excellent visibility and accessibility. The asking price is $851,500, representing a strong value for this prime retail location. The property's existing infrastructure and convenient location make it an ideal investment for entrepreneurs seeking to establish a thriving retail business or for investors looking for a strong return on investment in a growing market. The property type is classified as mixed-use, encompassing retail and self-storage possibilities. The permitted zoning is explicitly commercial, ensuring flexibility in potential uses. Ownership is considered clear.

• CAP approach

  CAP return

  Valuation

  6%

  $1,069,701

  6.5%

  $987,416

  7%

  $916,887

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,225,393

  Geo Method

  $2,866,959

• Alternative Use

  Use

  Valuation

  Residential

  $832,923

  Hospitality

  $762,953

  Educational

  $634,768

  Medical

  $656,598

  Retail

  $987,416

Location Insight

City

Arlington

County

Tarrant

State

Texas

Latitude

32.7495

Longitude

-97.1508

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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