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Retail Space in Upgraded Building
For Lease
$3,500/Mo

137 Historic Town Square, Lancaster, TX 75146

CommercialLease, Lancaster, TX

Space SizeContact for details
Lot Size0.05 Acres
Days on Market197

Property Features for 137 Historic Town Square

General Information

Property type Commercial Lease
Property subtype Retail
Zoning description Retail
Parking features Parking Lot, Open, Oversize
Subdivision Orig town Lancaster
Lot features Historic District
Directions I20 W to Lancaster Rd turn left to historic downtown Lancaster square
Standard status Active
APN 36000500040010100
Lot size 0.05 Acres

Taxes and HOA fees

Tax Description ORIG TOWN LANCASTER BLK 4 PTS LOTS 1 & 6
Legal Description ORIG TOWN LANCASTER BLK 4 PTS LOTS 1 & 6

Utilities

Sewer type Public Sewer
Heating system Central, Electric (Heating)
Cooling system Central Air, Ceiling Fan(s), Electric
Water source Public

Building Details

Year built 1945
Floors in Building 1
Number of units 1
Flooring type Vinyl
Building materials Brick
Roof type Composition, Flat
Listing Agency: Homes To Go Realty Services
Listed By: Kim Walker · License #0426463
Added: Apr 4 Changed: Sep 13 Last Checked: Oct 17 at 1:06PM
MLS# 21213573

Copyright © 2026 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.

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Investment Insights

Based on property information with market context.

This retail offering occupies one space within a larger building at 137 Historic Town Square. The building dates to 1945 and received a comprehensive upgrade in 2019, including plumbing, electrical, and HVAC systems. Brick construction, vinyl flooring, central air, electric heating, and ceiling fans are among the listed property features. Public water and public sewer serve the building.

The property is positioned on Dallas Ave within the historic downtown Lancaster square. Dallas Ave carries 27,986 vehicles per day, with access to I-35E and I-20. The surrounding tenant mix includes LaCalle Doce, Lovin Oven, and Hugg BBQ. Listed use categories include retail, restaurant, bar, medical, and professional office applications. On-site parking includes open, oversized spaces.

Key Highlights

  • 27,986 vehicles per day on Dallas Ave
  • Building upgraded in 2019 with plumbing, electrical, and HVAC improvements
  • One retail space within a larger building

Property Analytics

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Current Use

Ella's Event Center Hotel & Motel

Suggested Use

Top Pick Real Estate Agency Law Firm Pharmacy Furniture & Home Goods (Bike/Boat/Book/etc) Store Garden Center

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

Lease Details

27,986 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

315
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
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Single-space retail offering with central HVAC, public utilities, and open parking.
Where is this retail space located?
The property is located at 137 Historic Town Square Lancaster, TX.
What is the lease rate?
The lease rate is $3,500/Mo.
What are key features of this property?
This property features: 27,986 vehicles per day on Dallas Ave; Building upgraded in 2019 with plumbing, electrical, and HVAC improvements; One retail space within a larger building
More about this property
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