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1700 New York Ave 27,355 SF Specialty Building Offered at $3,204,613 CAD at a 4.17% Cap Rate in Arlington, TX 76010
Executive Summary
1700 New York Avenue is a recently renovated church campus situated on approximately 2.65 acres in Arlington, Originally constructed in 1970, the property has undergone extensive capital improvements between 2023 and 2025, resulting in a modernized and highly functional facility. The campus totals approximately 29,569 square feet across two buildings and features direct frontage and controlled access along New York Avenue.
Zoned RMF-22 (Residential Multi-Family District), the property supports its existing church use while also allowing for future redevelopment or adaptive reuse, including high-density multi-family, local commercial, or other special-use applications. The combination of recent improvements, a favorable land-
to-building ratio, and underlying redevelopment potential positions 1700 New York Avenue as a compelling opportunity for continued institutional use or strategic repositioning.
Zoned RMF-22 (Residential Multi-Family District), the property supports its existing church use while also allowing for future redevelopment or adaptive reuse, including high-density multi-family, local commercial, or other special-use applications. The combination of recent improvements, a favorable land-
to-building ratio, and underlying redevelopment potential positions 1700 New York Avenue as a compelling opportunity for continued institutional use or strategic repositioning.
Property Facts
| Price | $3,204,613 CAD | Lot Size | 2.02 AC |
| Price Per SF | $117.15 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 | $3,204,613 CAD |
| Price Per SF | $117.15 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 | $3,452,429 CAD |
| Land Assessment | $369,769 CAD | Total Assessment | $3,822,198 CAD |
Property Taxes
Parcel Number
00073687
Land Assessment
$369,769 CAD
Improvements Assessment
$3,452,429 CAD
Total Assessment
$3,822,198 CAD
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1700 New York Ave
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