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1700 New York Ave 27,355 SF Specialty Building Offered at $3,265,770 CAD at a 4.17% Cap Rate in Arlington, TX 76010
Executive Summary
1700 New York Avenue offers a covered land play opportunity to acquire a recently renovated church campus totaling approximately 29,569 square feet across two buildings on 2.65 acres in Arlington, with $96,000 in gross annual income. Originally built in 1970, the property has undergone extensive capital improvements between 2023 and 2025. The current month-to-month lease offers near-term flexibility, allowing for potential owner-occupancy as a religious facility or repositioning for multifamily development, a private education facility, or other commercial uses. The site is located just south of Arlington’s central business district with convenient access to I-20, I-30, and SH 360, and is surrounded by established retail and neighborhood amenities.
Property Facts
| Price | $3,265,770 CAD | Lot Size | 2.02 AC |
| Price Per SF | $119.38 CAD | Building Size | 27,355 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 4.17% | Year Built/Renovated | 1970/2025 |
| Property Type | Specialty | Parking Ratio | 5.3/1,000 SF |
| Property Subtype | Religious Facility | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | Residential Multi Family - Residential Multi Family 22 (22 units/acre) | ||
| Price | $3,265,770 CAD |
| Price Per SF | $119.38 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.17% |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Class | C |
| Lot Size | 2.02 AC |
| Building Size | 27,355 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2025 |
| Parking Ratio | 5.3/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Residential Multi Family - Residential Multi Family 22 (22 units/acre) |
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Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00073687 | Improvements Assessment | $3,441,289 CAD |
| Land Assessment | $368,576 CAD | Total Assessment | $3,809,864 CAD |
Property Taxes
Parcel Number
00073687
Land Assessment
$368,576 CAD
Improvements Assessment
$3,441,289 CAD
Total Assessment
$3,809,864 CAD
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1700 New York Ave
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