1100 Milby RdArlington, TX 76013

Property Details for 1100 Milby Rd

Year built

1980

Lot size

1.90 AC

Property size (Sq ft)

1,072 SF

Property type

Banks

APN

22845--24R1

APU

2284524R1

Description

This exceptional 1.9-acre commercial property, located at 1100 Milby Road in Arlington, Texas, presents a unique redevelopment opportunity. Currently featuring a smaller building and a large covered drive-through, this site boasts significant road frontage on three sides: 207 feet on Church Street, 387 feet on Milby Road, and 203 feet on James Street. The property is zoned commercial, making it ideal for a variety of uses, including office, retail, or service-oriented businesses. Its prime location in Arlington places it in close proximity to thriving businesses such as Dutch Bros Coffee and Aldi, ensuring high visibility and accessibility. The existing paved lot simplifies development, and the seller possesses pre-existing plats and plans specifically designed for retail development, streamlining the permitting process. This is a rare chance to acquire a substantial commercial parcel in a high-demand area, ready for immediate development to suit your vision. The 1,072 square foot building on the property is an older Chase Bank branch, providing a solid foundation for a new construction project. The extensive road frontage offers exceptional flexibility in design and layout, maximizing potential for various commercial ventures. This property is priced at $1,375,000.

• CAP approach

  CAP return

  Valuation

  6%

  $301,768

  6.5%

  $278,555

  7%

  $258,659

• Comparable approach

  Method

  Valuation

  Relative Method

  $345,690

  Geo Method

  $808,784

• Alternative Use

  Use

  Valuation

  Residential

  $234,972

  Hospitality

  $215,233

  Educational

  $179,071

  Medical

  $185,230

  Retail

  $278,555

Location Insight

City

Arlington

County

Tarrant

State

Texas

Latitude

32.7227

Longitude

-97.1459

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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