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- LoopNet Team
4200 Arena Rd
Wichita Falls, TX 76310
Mixed-Use Development Opportunity · Land For Sale
·
13.00 AC
INVESTMENT HIGHLIGHTS
- 4200 Arena Road is a 19.11-acre mixed-use tract that can be divided into smaller plots in a growing area of Greater Wichita Falls.
- Flexible GC zoning allows for developments such as retail, restaurants, offices, medical clinics, residential, self storage, warehouses, and more.
- Surrounded by new developments, including Wichita Falls Memorial High School, a 14,000-SF medical office, and a 216-unit apartment complex.
- Front section of the tract is located within Wichita Falls and the back section is outside of city limits, providing fewer restrictions.
- Near the corner of FM 369 and Highway 82, which sees combined traffic counts in excess of 24,000 vehicles per day.
- Section of tract features a turf baseball/softball field with gated entry, concrete walkways, a brick concession stand, a scoreboard and field lights.
PROPERTY FACTS
DESCRIPTION
Situated near the corner of FM 369 and Highway 82, 4200 Arena Road is at a key intersection for this flourishing locale. The new Wichita Falls Memorial High School across the street has anchored the area as a desirable neighborhood destination, and projections call for consistent household growth. Many of the new residents report high incomes for the metro with an average annual household income of about $100,000 within a 5-mile radius. A new medical office and the Brook Hollow Apartments join the high school in the vicinity, creating even more traffic drivers. As these developments arise, few essential amenities exist, making this the ideal opportunity to create a destination serving new residents and professionals.
PROPERTY TAXES
| Parcel Number | 125629 | Improvements Assessment | $201,597 |
| Land Assessment | $369,669 | Total Assessment | $571,266 |
PROPERTY TAXES
