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Flexible Office Unit with Workspace
For Sale
$155,000

509 E 3rd St, Lancaster, TX 75146

Three enclosed rooms, an open area, bathroom, and utility room create a versatile commercial layout.

Property Size1,020 SF
Price / SF$151.96
Days on Market57

Property Features for 509 E 3rd St

General Information

Standard status Active
Size 1,020 SF

Building Details

Year Built 1920
Listing Agency: Jireh Realty Team LLC
Listed By: Joy Triplett · License #0534970
Source: Heritance
Added: Jul 29 Changed: Sep 5 Last Checked: Sep 22 at 11:18PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jireh Realty Team LLC

Investment Insights

Based on property information with market context.

This 1020 SF office unit, built in 1920, offers a practical mix of enclosed and open areas. The interior includes three rooms with closets, a broad central living or workspace area, a full bathroom, and a separate utility room with washer and dryer hookups. The property is being sold as-is, providing an existing configuration for a buyer to evaluate and customize.

An oversized backyard extends the usable footprint beyond the interior and may support outdoor seating, gatherings, or other functions subject to applicable approvals. The property is within walking distance of downtown Lancaster at 509 E 3rd St, Lancaster, TX 75146.

Key Highlights

  • 1020 SF office unit built in 1920
  • Three rooms with closets plus a large open workspace
  • Full bathroom and separate utility room

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Pharmacy Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

393
Businesses Nearby

Demographics for 75146, TX

23,837
Population
9,575
Households
2.5
Avg Household Size
35
Median Age
27%
College-Educated
87%
High-School Grad
34.7 sq mi
ZIP Area
687
Density / Sq Mi
$70,143
Median Household Income
$42,889
Median Earnings
$1,560
Median Rent
$249,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Three enclosed rooms, an open area, bathroom, and utility room create a versatile commercial layout.
Where is this office units located?
The property is located at 509 E 3rd St Lancaster, TX.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 1020 SF office unit built in 1920; Three rooms with closets plus a large open workspace; Full bathroom and separate utility room
More about this property
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