Retail

Galleria Dr Redevelopment

2601 Galleria Dr, Arlington, TX 76011

Listing Price: Request For Offer

Land Type
Redevelopment

Investment Overview

Marcus & Millichap is pleased to present Galleria Dr Redevelopment, a 83,225 square-foot land parcel redevelopment opportunity located at 2601 Galleria Drive in Arlington, Texas. The 1.91 acre site is situated on the hard corner of Galleria Drive and State Highway 360/ North Watson Road. The subject property sits elevated alongside State Highway 360 which features over 178,000 vehicles per day, offering maximum visibility for a new development. The subject property is situated approximately 1.4 miles from popular attractions including the Dallas Cowboys AT&T Stadium, the Texas Rangers new Globe Life Park development, Texas Live!, and Six Flags Over Texas.

The city of Arlington is located amongst the Mid Cities of the DallasFort Worth metroplex, situated approximately 20 miles from the city of Dallas and 12 miles from the city of Fort Worth. Arlington features a population of over 398,000 residents who can conveniently commute to each city or are employed by major local employers including General Motors, University of Texas at Arlington, Texas Health Resources, and JP Morgan. The city also best known as the home of professional sports teams, the Dallas Cowboys and the Texas Rangers. In 2019, the Dallas Cowboys average attendance was over 90,000 per game.

Arlington is primed for new development including retail, multifamily, industrial, and entertainment to continue to meet the growing demand in the Dallas-Fort Worth metroplex. Factors such as recent corporate relocations, tax benefits, and the relatively low cost of living have driven new residents to the Dallas-Fort Worth submarkets, such as Arlington, more than ever before. In addition, the centralized location of Arlington, including the close proximity to the Dallas-Fort Worth International Airport, make this location ideal for commuters.

Overall, Galleria Dr Redevelopment provides a new investor or developer a tremendous opportunity to acquire a 1.91 acre parcel in the rapidly transforming submarket of Arlington, Texas. The close proximity to both Dallas and Fort Worth and accessibility to major thoroughfares make this a prime location for new development opportunities. With a new development in place, the subject property which is zoned F1, will be well-positioned for various potential uses to capture the rising rents over time in this immediate submarket.

Investment Highlights

  • High Visibility, Hard Corner Redevelopment Opportunity
  • Prime Frontage on Highway 360 (178,000 VPD)
  • 1.91 Acre / 83,325 Square-Foot Parcel
  • Proximate to Dallas Cowboys AT&T Stadium & Texas Rangers Globe Life Park
  • Tarrant County F1 Zoning | EDO Entertainment District Overlay

Exclusively Listed By

Listing Price: Request For Offer

Land Type
Redevelopment

Investment Highlights

  • High Visibility, Hard Corner Redevelopment Opportunity
  • Prime Frontage on Highway 360 (178,000 VPD)
  • 1.91 Acre / 83,325 Square-Foot Parcel
  • Proximate to Dallas Cowboys AT&T Stadium & Texas Rangers Globe Life Park
  • Tarrant County F1 Zoning | EDO Entertainment District Overlay

Investment Overview

Marcus & Millichap is pleased to present Galleria Dr Redevelopment, a 83,225 square-foot land parcel redevelopment opportunity located at 2601 Galleria Drive in Arlington, Texas. The 1.91 acre site is situated on the hard corner of Galleria Drive and State Highway 360/ North Watson Road. The subject property sits elevated alongside State Highway 360 which features over 178,000 vehicles per day, offering maximum visibility for a new development. The subject property is situated approximately 1.4 miles from popular attractions including the Dallas Cowboys AT&T Stadium, the Texas Rangers new Globe Life Park development, Texas Live!, and Six Flags Over Texas.

The city of Arlington is located amongst the Mid Cities of the DallasFort Worth metroplex, situated approximately 20 miles from the city of Dallas and 12 miles from the city of Fort Worth. Arlington features a population of over 398,000 residents who can conveniently commute to each city or are employed by major local employers including General Motors, University of Texas at Arlington, Texas Health Resources, and JP Morgan. The city also best known as the home of professional sports teams, the Dallas Cowboys and the Texas Rangers. In 2019, the Dallas Cowboys average attendance was over 90,000 per game.

Arlington is primed for new development including retail, multifamily, industrial, and entertainment to continue to meet the growing demand in the Dallas-Fort Worth metroplex. Factors such as recent corporate relocations, tax benefits, and the relatively low cost of living have driven new residents to the Dallas-Fort Worth submarkets, such as Arlington, more than ever before. In addition, the centralized location of Arlington, including the close proximity to the Dallas-Fort Worth International Airport, make this location ideal for commuters.

Overall, Galleria Dr Redevelopment provides a new investor or developer a tremendous opportunity to acquire a 1.91 acre parcel in the rapidly transforming submarket of Arlington, Texas. The close proximity to both Dallas and Fort Worth and accessibility to major thoroughfares make this a prime location for new development opportunities. With a new development in place, the subject property which is zoned F1, will be well-positioned for various potential uses to capture the rising rents over time in this immediate submarket.

Exclusively Listed By

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