A property marketed as a mixed-use redevelopment opportunity is up for sale in Arlington’s downtown area.
The roughly 4.5-acre property is located at 201 E. Abram St. between South Mesquite Street and South East Street. Afallon Investments Inc. is shown as the property owner, according to Tarrant County deed records, while marketing is being managed by Chris Harden, Sky Miller, and Daniel Mitlyng of Harvest MDX, a retail and mixed-use investments, development, and advisory firm located in Arlington.
The site is being marketed for mixed-use redevelopment in the heart of Arlington’s downtown business district. Nearly 20,000 people live within a mile radius of the location, just 25 minutes from Dallas/Fort Worth International Airport. The sale represents the first time the site has been available for purchase in 26 years.
The property can accommodate a diversity of tenants, with the neighborhood zoned for apartments, retail shopping, hotel accommodations, senior living, and townhomes. The street itself has over 22,000 vehicles passing by daily.
Most existing tenants at 201 E. Abram St. maintain month-to-month leases or have less than a year remaining on their terms.
At least one other building is also for sale in the area. Roughly half a mile east is 705 E Abram St., a vacant two-story, 8,049-square-foot office building.
Arlington continues to maintain an active real estate market. As reported by The Dallas Express late last month, Arlington will likely see three new company headquarters built in the city after its city council approved multiple agreements that set the stage for the projects to kick off.
Christian media company GAC Media, Spanish sustainable infrastructure solutions company Acciona Facility Services USA, LLC, and low-Earth-orbit delivery solutions and services startup E-Space could soon be fixtures in the city.