Listing Agency: Caprice Michelle LLC c***@gmail.com Show Phone

Listed By: Caprice Michelle · License #TX 9004701

Source: Crexi

Added: Sep 25, 2023 Changed: Aug 8 Last Checked: Aug 31 at 9:34PM

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Investment Insights

Based on property information with market context.

This property features over 5 acres of land situated in the city of Lancaster, with a small portion extending into Red Oak. The location is suitable for various commercial developments, including luxury garages or a charging station. The site could accommodate a freestanding building or a strip center. The property is expected to benefit from increased traffic upon completion of Highway 9. A funding program of up to 80% may be available for a charging station. The area is experiencing growth with 409 acres of data centers planned and new residential construction already completed, creating a need for commercial development.

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Hair Salon Spa & Massage Center Kitchen & Bath Showroom Electrical Service Gym & Fitness 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.

Location Intelligence

Trade Area within ½ mile

91

Businesses Nearby

Explore this area Business Placement

Demographics for 75156, TX

15,708

Population

8,969

Households

1.8

Avg Household Size

48

Median Age

17%

College-Educated

86%

High-School Grad

32.1 sq mi

ZIP Area

489

Density / Sq Mi

$59,303

Median Household Income

$35,316

Median Earnings

$932

Median Rent

$209,100

Median Home Value

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Frequently Asked Questions

What type of property is this?

Commercial land - 5+ acres suitable for commercial development in Lancaster/Red Oak.

Where is this commercial land located?

The property is located at 3100 S Dallas Ave Lancaster, TX.

What is the asking price?

The asking price for this property is $998,900.