704 Pioneer PkwyArlington, TX 76010

Property Details for 704 Pioneer Pkwy

Year built

1974

Lot size

0.34 AC

Property size (Sq ft)

2,760 SF

Property type

Community centers

APN

21010--1B3

APU

210101B3

Description

This exceptional restaurant opportunity is located at 704 E Pioneer Pkwy, Arlington, TX 76010, a highly visible corner on Collins and East Pioneer Parkway. The 2,760 square foot, single-story building sits on a 0.34-acre lot (14,998 sq ft) and was built in 1979. Currently operating as Los Pastores Mexican Restaurant, this Class C property boasts a long-standing tenant with a lease in place until at least November 1, 2025. The existing lease is extendable, providing a solid foundation for a new operator. The building is in good condition and offers significant potential for a variety of restaurant concepts. This prime location benefits from high traffic counts, ensuring excellent visibility and accessibility for customers. Interested parties should be prepared to negotiate a sublease for the remainder of the current lease term and a new lease thereafter. The property owner is not interested in selling the building. This presents a unique chance to acquire a well-established restaurant space in a thriving Arlington location. The building's 2,760 square feet of net rentable space provides ample room for operations and potential expansion. This is an ideal opportunity for an experienced restaurateur seeking a turnkey operation or a new concept looking for a strong location with established customer traffic.

• CAP approach

  CAP return

  Valuation

  6%

  $776,941

  6.5%

  $717,176

  7%

  $665,949

• Comparable approach

  Method

  Valuation

  Relative Method

  $890,022

  Geo Method

  $2,082,317

• Alternative Use

  Use

  Valuation

  Residential

  $604,965

  Hospitality

  $554,145

  Educational

  $461,042

  Medical

  $476,898

  Retail

  $717,176

Location Insight

City

Arlington

County

Tarrant

State

Texas

Latitude

32.7078

Longitude

-97.0995

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].