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    123 Lions Club Park Rd Lancaster, TX 75146

    For Sale
    Contact for pricing

    74,600 SF Freestanding Building, 145 Units

    Property size:
    74,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 74,600 square foot, single-story commercial building located at 123 Lions Club Park Road in Lancaster, Texas, presents a unique investment opportunity. Built in 1965 and renovated in 1986, the property sits on a 2.9-acre lot and is zoned for commercial use. The building's previous use as a nursing care facility offers a versatile layout, ideally suited for continued operation as a senior living community or repurposing for other commercial ventures. The existing configuration includes 45 independent living units and 100 skilled care units, catering to a diverse range of senior living needs. Extensive common areas are available, including large dining and recreational spaces designed to foster a vibrant and engaging community atmosphere. The property's substantial size and established infrastructure provide a solid foundation for a successful business venture. Its location in Lancaster, Dallas County, Texas (zip code 75146), offers convenient access to local amenities and transportation networks. This is a rare opportunity to acquire a significant commercial property with substantial existing infrastructure and significant potential for future development or continued operation as a senior living facility. The property's Class C designation reflects its age and potential need for future upgrades, presenting an opportunity for value enhancement through strategic renovations or repositioning.

    Property Features for 123 Lions Club Park Rd

    General Information

    Property type
    Retirement homes
    Square Feet
    74,600 SF
    Class
    C
    Lot Size
    126,324 SF

    Building Details

    Year Built/Renovated
    1965/1986
    Stories
    1

    HighLights

    • 74,600 SF single‑story commercial building on a 2.9‑acre lot in Lancaster, TX.
    • Built in 1965, renovated in 1986, zoned commercial.
    • Previously a nursing care facility with 45 independent living units and 100 skilled care units.
    • Features large dining and recreational areas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retirement homes

    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
    -96.75924061
    Latitude
    32.58549502

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    FAQs

    What type of property is this?
    Retirement home - 74,600 SF Freestanding Building, 145 Units
    Where is this retirement home located?
    The property is located at 123 Lions Club Park Rd Lancaster, TX.
    What are key features of this property?
    This property features: 74,600 SF single-story commercial building on a 2.9-acre lot in Lancaster, TX.; Built in 1965, renovated in 1986, zoned commercial.; Previously a nursing care facility with 45 independent living units and 100 skilled care units.
    Request Owner's contact information
    123 Lions Club Park Rd 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
    123 Lions Club Park Rd Lancaster, TX 75146
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