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    Dallas Ave Dr Lancaster, TX 75134

    For Sale
    $500,000

    1.29 Acres, Prime Retail Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This 1.29-acre commercial land parcel, located at 3 & 4 N. Dallas Ave Dr, Lancaster, TX 75134 (APN: 360104100A0040000; 360104100A0030000), offers exceptional development potential. Zoned for commercial and retail use, this L-shaped property boasts 56,192 square feet and features 48.03 feet of frontage on N. Dallas Ave and 117.09 feet on Stanford Drive. Its strategic location provides easy access to I-20, I-35, and I-45, placing it minutes from downtown Dallas and the significant Union Pacific Dallas Intermodal Terminal, one of the largest inland ports in the US. This prime real estate is ideal for various commercial ventures, including, but not limited to, gas stations and neighborhood stores. The asking price is $500,000, translating to $8.90 per square foot. The property consists of two contiguous parcels, offering flexibility for development. This booming area presents a unique opportunity for investors seeking high-growth potential in a well-connected location. The legal description is CEDAR SHELL BLK A LT 4 ACS 0.747.

    Property Features for 0 Dallas Ave Dr

    General Information

    Property type
    Land
    Lot Size
    56,192 SF

    HighLights

    • $500,000 asking price for 1.29 acres of commercial land.
    • Located at 3&4 N. Dallas Ave Dr, Lancaster, TX 75134 (APN: 360104100A0040000; 360104100A0030000).
    • Zoned for Commercial and Retail use.
    • 56,192 square feet lot size; $8.90/sq ft land value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lancaster
    County
    Dallas
    State
    Texas
    Longitude
    -96.7639184
    Latitude
    32.6113222

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    FAQs

    What type of property is this?
    Land - 1.29 Acres, Prime Retail Location
    Where is this land located?
    The property is located at Dallas Ave Dr Lancaster, TX.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: $500,000 asking price for 1.29 acres of commercial land.; Located at 3&4 N. Dallas Ave Dr, Lancaster, TX 75134 (APN: 360104100A0040000; 360104100A0030000).; Zoned for Commercial and Retail use.
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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
    Dallas Ave Dr Lancaster, TX 75134
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