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- LoopNet Team
1127-1129 E Abram St
Arlington, TX 76010
Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
ABOUT 1127-1129 E ABRAM ST , ARLINGTON, TX 76010
- Excellent Future Redevelopment Opportunity: 1127 E Abram St is located just east of the impressive “Urban Union” development and overall massive redevelopment of Downtown Arlington. Consequently, the Property has huge redevelopment potential. - Gross Leases with Below Market Rents: The average rent in the center is $9.30 per square foot, while market rent in the Downtown Arlington submarket is currently at $14.91 psf. - Upside Potential: In addition to below market rents, all tenants in the center are currently on gross leases. This allows significant upside by increasing current rents and converting the tenants to NNN. - Priced Below Replacement Cost: The Property presents a compelling opportunity to acquire a retail asset at $129 per square foot, which is well below replacement cost. - Excellent Visibility with High Traffic Counts:Located near the intersection of Collins and Abram St, the center benefits from massive exposure to high traffic counts and excellent visibility and access. - High Growth Trade Area: The population has increased by an impressive 29.67% within one mile of 1127 Abram since 2010.
PROPERTY TAXES
| Parcel Number | 00226491 | Improvements Assessment | $331,569 |
| Land Assessment | $166,720 | Total Assessment | $498,289 |
PROPERTY TAXES
