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    1505 W Main St Lancaster, TX 75146

    Under Contract
    For Sale
    $399,000

    Improved Land - Lancaster, TX

    Lot size:
    4.37 Acres
    Days on Market:
    43
    Last Refresh:
    Dec 9 at 2:06 pm

    Property Features for 1505 W Main St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    65120924510150000
    Lot size
    4.37 Acres

    Building Details

    Year built
    1945
    Architectural style
    Other

    RE/MAX Preferred Associates (972) 293-4550 [email protected]

    Listing agent Kellie Fancher (972) 293-4550 License #0505106

    Listing date Oct 28, 2025

    MLS# 20860877 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Corner Lot in Lancaster

    This property features a 4.37-acre corner lot with dual access from W. Main Street and W. Bluegrove Road in Lancaster, Texas, within Lancaster ISD. City water, sewer, and electricity are already available on the site, offering development potential or a location to build a home. Also included in the sale is an additional adjacent parcel located at 1509 W Main, measuring 0.1380 acres. Note that the existing homes on the property hold no value, and one is occupied by a caretaker. All buildings are unsafe for entry and not salvageable.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Auto Repair Shop Nail Salon Hotel & Motel Pharmacy Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Dallas
    State
    Texas
    Longitude
    -96.788705
    Latitude
    32.583695

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    FAQs

    What type of property is this?
    Land - 4.37-acre corner lot with utilities in Lancaster ISD.
    Where is this land located?
    The property is located at 1505 W Main St Lancaster, TX.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Large 4.37-acre corner lot with dual access from W. Main Street and W. Bluegrove Road.; - Includes an additional .1380-acre lot (1509 W Main) in the sale.; - City water, sewer, and electricity are already in place.
    (972) 293-4550
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    1505 W Main St Lancaster, TX 75146
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    Lancaster, TX 75146
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1505 W Main St Lancaster, TX 75146
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