4200 Arena Rd - Mixed-Use Development Opportunity

4200 Arena Road is the perfect place to establish a new destination in the path of Wichita Falls’ growth.

The 19.11-acre tract is a prime site for a broad spectrum of developments. It is zoned GC, one of the most generous designations, permitting dozens of project types from multifamily and retail to office and warehouse uses. A section of 4200 Arena Road is outside the city limits, granting even more developmental flexibility. The tract is already connected to utilities, including electric and septic, due to existing infrastructure, making this a truly shovel-ready opportunity.

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.

Investors also have the option to take over the income-producing part of the tract, a 100% turf field used by local baseball and softball teams. It comes complete with a gated entry, brick dugouts, concrete walkways, a brick concession stand, a scoreboard, and stadium field lighting. The field also presents a great existing traffic driver and recreational centerpiece for incoming developments.