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About This Home
This land at 912 Six Flags Drive in Arlington, TX is listed for $1,500,000 (0.44 acres).
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.
Key Features
- 0.44 acre lot
Location
912 Six Flags Drive
Arlington, TX 76011
Six Flags Bus Park Add
Questions & Answers
This 0-bedroom, 0-bathroom land at 912 Six Flags Drive is listed at $1,500,000. The estimated monthly payment is $6,500 based on 20% down at 6.5% interest.
Key features include: 0.44 acre lot.
This property is listed by Mark Allen and can be reached at 4698060639 or mallen@onyxlg.com.