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    1200-1300 State Highway 161 Grand Prairie, TX 75050

    For Sale
    $1,400,000

    2.99 Acres, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 2.99-acre commercial land parcel in Grand Prairie, Texas, presents a prime development opportunity. Located on State Highway 161 in Dallas County, zip code 75050, this property boasts unparalleled visibility and accessibility. With a commercial zoning designation, it's ideally suited for a wide range of businesses. The site benefits from its strategic location within the DFW Metroplex, offering excellent access to I-30, a major transportation artery. High traffic counts are a key advantage, with 142,924 vehicles per day on I-30 and 93,461 vehicles per day on State Highway 161, ensuring significant exposure for any development. The surrounding area is thriving, with established businesses such as Chevron, Church's Chicken, Public Storage, Home Depot, Whataburger, and Pizza Hut nearby, creating a high-traffic environment. The total land area is 130,244 square feet, providing ample space for a variety of commercial projects. This property is priced at $1,400,000 and represents a significant investment opportunity in a rapidly growing area. The property's prime location and high visibility make it an exceptional choice for businesses seeking maximum exposure and accessibility within the Dallas-Fort Worth Metroplex. Don't miss this chance to acquire a highly desirable commercial land parcel in a bustling commercial corridor.

    Property Features for 1200-1300 State Highway 161

    General Information

    Property type
    Land
    Lot Size
    130,244 SF

    HighLights

    • 2.99‑acre site (130,244 SF).
    • High visibility from State Highway 161.
    • Excellent I‑30 access.
    • Prime DFW Metroplex location.
    • Commercial zoning.
    • High traffic counts: 142,924 VPD on I‑30 and 93,461 VPD on State Highway 161.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Dallas
    State
    Texas
    Longitude
    -97.02781
    Latitude
    32.754295

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    FAQs

    What type of property is this?
    Land - 2.99 Acres, High Traffic Area
    Where is this land located?
    The property is located at 1200-1300 State Highway 161 Grand Prairie, TX.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: 2.99-acre site (130,244 SF).; High visibility from State Highway 161.; Excellent I-30 access.
    (214) 373-8300
    Request Owner's contact information
    1200-1300 State Highway 161 Grand Prairie, TX 75050
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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
    1200-1300 State Highway 161 Grand Prairie, TX 75050
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