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1550 Jones Dr
Arlington, TX 76013
Office Property For Sale


Investment Highlights
- Ample on-site parking with strong accessibility
- Former medical and dental use
- Flexible design suitable for owner-user or investor
- New TPO roof recently installed
Executive Summary
1550 Jones Drive presents a value-add acquisition opportunity in an established commercial corridor of Arlington, Texas. The property consists of a one-story commercial building constructed in 1960 and situated on a sizable commercial site with ample on-site parking. Previously occupied by medical and dental users, the building offers an existing layout that can support continued healthcare use or be repositioned for a variety of commercial applications.
The interior is configured as two suites, providing flexibility for an owner-user seeking to occupy a portion of the property while generating income from the remaining space, or for an investor pursuing a lease-up and repositioning strategy. The front suite includes a reception area and multiple exam rooms, while the rear suite, formerly utilized as a dental office, contains a waiting area and additional exam-room buildout. These existing improvements may reduce future tenant improvement costs for healthcare-oriented users while also providing a foundation for adaptive reuse.
Recent capital improvements include the installation of a new TPO roof, helping to address a significant building component and potentially reducing near-term maintenance requirements. The property's location south of Park Row Drive and west of Fielder Road places it within an established commercial area surrounded by existing businesses and residential neighborhoods, supporting a range of potential occupancy strategies.
For buyers seeking a property with repositioning potential, existing medical infrastructure, and flexible occupancy options, 1550 Jones Drive offers an opportunity to create value through renovation, re-tenanting, owner occupancy, or long-term redevelopment.
The interior is configured as two suites, providing flexibility for an owner-user seeking to occupy a portion of the property while generating income from the remaining space, or for an investor pursuing a lease-up and repositioning strategy. The front suite includes a reception area and multiple exam rooms, while the rear suite, formerly utilized as a dental office, contains a waiting area and additional exam-room buildout. These existing improvements may reduce future tenant improvement costs for healthcare-oriented users while also providing a foundation for adaptive reuse.
Recent capital improvements include the installation of a new TPO roof, helping to address a significant building component and potentially reducing near-term maintenance requirements. The property's location south of Park Row Drive and west of Fielder Road places it within an established commercial area surrounded by existing businesses and residential neighborhoods, supporting a range of potential occupancy strategies.
For buyers seeking a property with repositioning potential, existing medical infrastructure, and flexible occupancy options, 1550 Jones Drive offers an opportunity to create value through renovation, re-tenanting, owner occupancy, or long-term redevelopment.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
3,075 SF
Building Class
C
Year Built/Renovated
1960/1994
Price
$350,000
Price Per SF
$113.82
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
3,075 SF
Building FAR
0.14
Lot Size
0.51 AC
Zoning
CC - CC | COMMUNITY COMMERCIAL
Parking
17 Spaces (5.53 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 05813611 | Improvements Assessment | $253,172 |
| Land Assessment | $66,516 | Total Assessment | $319,688 |
Property Taxes
Parcel Number
05813611
Land Assessment
$66,516
Improvements Assessment
$253,172
Total Assessment
$319,688
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