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    219 Dallas Ave Lancaster, TX 75146

    For Sale
    $1,500,000

    10 Acres, I-45 Access, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 10.218-acre commercial land parcel in Wilmer, Texas, presents a compelling investment opportunity. Strategically located just six blocks from Interstate 45 and six miles from the I-20 and I-45 interchange, this property benefits from its proximity to the DalPort Trade Center and a burgeoning industrial corridor. The area has experienced significant growth, attracting numerous national manufacturing and shipping warehouses. While currently zoned C-1 Restricted Commercial and partially residential, the city of Wilmer is receptive to rezoning applications, recognizing the need for further industrial expansion in this rapidly developing area. The property comprises four contiguous lots, including 200 Ferris Street and portions of Belt Line and South Dallas Avenue. Existing structures on some lots (three metal buildings and a home) will not be included in the sale. The land's value is $3.37 per square foot, totaling an asking price of $1,500,000. An electrical substation is situated nearby, providing convenient access to power infrastructure. This prime location offers significant potential for future development, capitalizing on the area's robust industrial growth and strategic transportation links. The largest unimproved portions are located at 200 Ferris St. and 37 Belt Line.

    Property Features for 219 Dallas Ave

    General Information

    Property type
    Land
    Lot Size
    445,096 SF

    HighLights

    • 10.218‑acre commercial land parcel in Wilmer, TX, priced at $1,500,000 ($3.37/SF).
    • Located blocks from I‑45 and six miles from the I‑20/I‑45 interchange, near DalPort Trade Center.
    • Surrounded by national manufacturing and shipping warehouses in a rapidly growing industrial corridor.
    • Currently C‑1 zoned, with Wilmer city receptive to rezoning for industrial use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Dallas
    State
    Texas
    Longitude
    -96.7570174
    Latitude
    32.5912135

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    FAQs

    What type of property is this?
    Land - 10 Acres, I-45 Access, Development Potential
    Where is this land located?
    The property is located at 219 Dallas Ave Lancaster, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 10.218-acre commercial land parcel in Wilmer, TX, priced at $1,500,000 ($3.37/SF).; Located blocks from I-45 and six miles from the I-20/I-45 interchange, near DalPort Trade Center.; Surrounded by national manufacturing and shipping warehouses in a rapidly growing industrial corridor.
    (972) 515-8111
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    219 Dallas Ave Lancaster, TX 75146
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    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
    219 Dallas Ave Lancaster, TX 75146
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