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    2527-2531 Pleasant Run Rd Lancaster, TX 75146

    For Sale
    Contact for pricing

    13 Acres, Multifamily Zoning, I-20 Proximity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 13.476-acre development site, located at 2527-2531 W Pleasant Run Rd in Lancaster, Texas, presents a compelling investment opportunity. The property boasts MF-16 & NS - Medical District Overlay zoning, allowing for up to 16 units per acre and a variety of residential uses. Strategically situated just south of I-20, near the northeast corner of I-35E and W Pleasant Run Rd, this location offers unparalleled access to major thoroughfares, including I-35E, I-20, and I-45E. One tract features approximately 307 feet of frontage on W Pleasant Run Rd. The property benefits from its proximity to Lancaster's expanding employment base and numerous distribution warehouse centers. Lancaster's impressive population growth of over 25% in the last decade underscores the strong potential for multifamily development in this thriving suburb, only 20 minutes from Downtown Dallas. This site is ideal for developers seeking a prime location with excellent connectivity and significant growth potential. The property consists of two parcels, approximately 9 and 4 acres. Dallas County location and 75146 zip code.

    Property Features for 2527-2531 Pleasant Run Rd

    General Information

    Property type
    Land
    Lot Size
    587,015 SF

    HighLights

    • MF‑16 & NS zoning allows up to 16 units per acre, with various residential uses permitted.
    • One tract offers ~307 feet of frontage on W Pleasant Run Rd.
    • Excellent proximity to Lancaster's expanding employment base and numerous distribution centers.
    • Unparalleled access to major thoroughfares: I‑35E, I‑20, and I‑45E.
    • Surrounding area experienced over 25% population growth in the last decade.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Dallas
    State
    Texas
    Longitude
    -96.8098807
    Latitude
    32.6042856

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    FAQs

    What type of property is this?
    Land - 13 Acres, Multifamily Zoning, I-20 Proximity
    Where is this land located?
    The property is located at 2527-2531 Pleasant Run Rd Lancaster, TX.
    What are key features of this property?
    This property features: MF-16 & NS zoning allows up to 16 units per acre, with various residential uses permitted.; One tract offers ~307 feet of frontage on W Pleasant Run Rd.; Excellent proximity to Lancaster's expanding employment base and numerous distribution centers.
    (214) 520-8818
    Request Owner's contact information
    2527-2531 Pleasant Run Rd 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
    2527-2531 Pleasant Run Rd Lancaster, TX 75146
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