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21417116
21417117

1600 E Pioneer Pkwy, Arlington, TX 76010

VB
TX FSBO
Epic Estates
Listed by Epic Estates
$9,000,000
491 days on market
Updated 132 days ago

Chase Tower Multi Tenant Office Building

Details
Property Type Mixed Use, Multifamily (+2)
Sub Type Bank
Occupancy 63%
Price per SqFt $110
Broker Co-Op Yes
Year Built 1979
Year Renovated 2023
Buildings 1
Stories 5
Acreage 5.390
Zoning Mixed Use
Investment Type Value Add

Mixed Use

Marketing description

Chase Anchored a Multi-Tenant Office Building with mixed-use approval to develop an additional 5-story building of 11,466 ft retail and 48 apartments. This is not a cap rate play but ideal for developers looking to build retail and multi-family apartments.

https://tinyurl.com/1600E-chase-tower

https://tinyurl.com/ChaseFinancials

Nestled in the vibrant Prime Junction area within Arlington’s designated International Corridor, this Chase-anchored multi-tenant office building boasts 82,000 square feet of premium office space spread over five stories. Situated on a generous 5.39-acre lot, this property is listed below building cost at just $9 million.

This strategic location falls within an Opportunity Zone, offering substantial tax savings to investors. Additionally, the property is approved for mixed-use development, including an additional 5-story building that can accommodate 11,466 square feet of retail space and 48 residential apartments—perfect for expanding your portfolio with a diverse range of tenant types.

Another notable feature is the $645,000 Letter of Intent to purchase the existing cell tower lease, which can be credited during the closing process, providing additional financial leverage.

Don't miss this exceptional investment opportunity in a high-demand area. Contact us today to schedule a viewing or for more information.

Property Highlights:

Size: 82,000 square feet, 5 stories

Lot Size: 5.39 Acres

Listing Price: $9M (Below Building Cost)

Location: Prime Junction, Designated International Corridor by Arlington

Opportunity Zone: Significant Tax Savings!!

Mixed-Use Approval: Additional 5-story building with 11,466 square feet of retail space and 48 apartments

Special Features:

Cell Tower Lease: $645K Letter of Intent to purchase lease can be credited during closing

Investment highlights

Listing Contacts

VB
TX FSBO
Epic Estates
Listed by Epic Estates

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Additional Information

Name
Venkat Bandi
License
FSBO
Brokerage Phone
4692247828
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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