505 Omega Dr
Arlington, TX 76014
Property For Lease

505 Omega Drive is a 9,103-square-foot medical office building intentionally developed adjacent to Medical City Arlington Hospital in Arlington, Texas. Constructed in 1985 on a premier 0.86-acre parcel zoned in the NC Neighborhood Commercial District, the property features two points of ingress/egress, a wrap-around driveway, 51 surface parking spaces, and trees lining the front perimeter. 505 Omega Drive is fully built-out as a medical office, previously occupied by an OBGYN practice. Currently vacant, 505 Omega Drive presents an ideal opportunity for an investor or owner-user to acquire a well-appointed asset in a strong medical core and add value through leasing or occupying the vacant space. The current layout is suited for a single tenant; however, the building could easily be subdivided or reconfigured to support multiple medical practices providing comprehensive care to patients through tenant synergy. All existing furniture, fixtures, and equipment will convey with the sale of the property. Arlington highlights a compelling demographic profile within a five-mile radius of 505 Omega Drive. There are 348,898 residents, 141,158 daytime employees, and 13,856 businesses. The average household income is $79,684, and the total consumer spending exceeds $3.6 billion annually, with $161 million spent on health care alone. The top industry in the city is Health Care and Social Assistance, employing approximately 17% of the labor force and offering a skilled employee base for a new business. Arlington is a major tourist hub, especially the Entertainment District, which hosts over 14 million visitors annually. Area traffic generators include Six Flags Over Texas with three million annual visitors, Hurricane Harbor with 500,000 yearly visitors, Globe Life Stadium with two million annual visitors, Texas Live!, home of the Texas Rangers, with three million annual visitors, and AT&T Stadium, home of the Dallas Cowboys. Property tours are available by appointment only. Please contact the listing broker to schedule.