745 Lamar BlvdArlington, TX 76012

Property Details for 745 Lamar Blvd

Year built

1982

Lot size

0.69 AC

Property size (Sq ft)

873 SF

Property type

Banks

APN

16305-8R-5

APU

163058R5

Description

This exceptional retail opportunity presents a former Chase Bank drive-thru location in North Arlington, ideally situated on the northeast quadrant of the intersection of I-30 and Cooper Street. The property boasts a substantial 30,056 square foot lot (0.69 acres), providing ample space for redevelopment or repurposing. The existing building offers 873 square feet of gross leasable area (GLA), currently vacant and ready for immediate occupancy. This infill location benefits from exceptional visibility and accessibility due to its strategic placement at a major intersection with high daily traffic volume. The property's single-tenant configuration offers flexibility for a variety of retail uses. A significant advantage is the inclusion of a first right of refusal (ROFR) to purchase an additional +/- 70,210 square feet within the adjacent shopping center, presenting a potential for expansion or synergistic development. This presents a rare chance to acquire a well-positioned retail property in a thriving area with significant growth potential. The property's size and location make it an attractive investment for both established businesses and new ventures seeking a high-visibility presence in a densely populated area. The existing building's drive-thru capability is a valuable asset for businesses requiring this feature. This is a turnkey opportunity to capitalize on a prime location in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $245,750

  6.5%

  $226,846

  7%

  $210,643

• Comparable approach

  Method

  Valuation

  Relative Method

  $281,518

  Geo Method

  $658,646

• Alternative Use

  Use

  Valuation

  Residential

  $191,353

  Hospitality

  $175,278

  Educational

  $145,830

  Medical

  $150,845

  Retail

  $226,846

Location Insight

City

Arlington

County

Tarrant

State

Texas

Latitude

32.7613

Longitude

-97.1154

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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