Courtesy of: Mark Allen, Onyx Legacy Realty LLC, mallen@onyxlg.com
Courtesy of: Mark Allen, Onyx Legacy Realty LLC, mallen@onyxlg.com
$1,500,000
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Lot: 0.44 Acres
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Unimproved Land
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$1,500,000
912 Six Flags Drive Rare income producing vacant commercial lot for sale directly across from Six Flags Theme Park & in close proximity to AT&T Stadium & Globe Life Field. There is currently a contract in place with a premier parking company. The site yields roughly $160k in gross profis which the current owner is due 50% throughout the year. A new owner can immediatley earn income prior to re-developing the parcel or elect to not re-new the agreement post expiration and create a self managed parking business. Property is located within the City of Arlington's Entertainment District Overlay (EDO) which is intended to create an identifiable & exciting character for the 2, 700-acre entertainment area in the central city. New development & redevelopment in the EDO district is guided by development standards intended to promote a complementary mix of land uses & physical design per City of Arlington's Planning & Zoning division. This site, formerly a Steak & Ale restaurant, is equidistant between Dallas & Fort Worth, is easily accessible from I-30 and Hwy 360 & is best suited for high density development such as hotels, restaurant & retail. Traffic counts on Six Flags Dr are 6, 983 vehicles per day & 178, 000 on Hwy 360 per CoStar analytics. 2022 average household income within a 5 mile radius is $66, 386 with a population totaling 312, 054. Survey in transaction desk.
Courtesy of: Mark Allen, Onyx Legacy Realty LLC, mallen@onyxlg.com
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