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    1933 State Highway 161 Grand Prairie, TX 75051

    For Sale
    Contact for pricing

    Prime Retail Land: High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    Exceptional investment opportunity awaits at these pad sites located at the intersection of State Highway 161 and Pioneer Parkway in Grand Prairie, Texas, within Dallas County (zip code 75051). These sites are zoned GR-1, General Retail-One District, ideal for a variety of moderate-intensity retail and service businesses. The zoning designation is specifically designed for developments ranging from approximately three to five acres, ensuring compatibility with surrounding areas. This location benefits from exceptionally high traffic volume, boasting 46,200 vehicles per day on State Highway 161 and 23,644 vehicles per day on Pioneer Parkway, providing significant visibility and accessibility for potential businesses. The property's strategic placement near a Walmart anchor store further enhances its appeal and potential for success. All necessary utilities are conveniently located on-site, simplifying the development process and reducing upfront costs. This presents a rare chance to acquire land in a thriving retail corridor with excellent infrastructure and high traffic counts, making it an attractive proposition for investors and developers seeking a strong return on investment. The property's location at 1933 State Highway 161 offers unparalleled exposure and convenience for customers. This is a turnkey opportunity to establish a successful retail presence in a high-demand area.

    Property Features for 1933 State Highway 161

    General Information

    Property type
    Land

    HighLights

    • Pad sites available for sale at the intersection of State Highway 161 and Pioneer Parkway in Grand Prairie, TX.
    • Zoned GR‑1 (General Retail‑One District), ideal for moderate‑intensity retail and service uses on 3‑5 acre sites.
    • High traffic counts: 46,200 VPD on State Highway 161 and 23,644 VPD on Pioneer Parkway.
    • Utilities available on‑site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tree Top Apartments Apartment Complex

    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
    -97.0232354
    Latitude
    32.7134794

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    FAQs

    What type of property is this?
    Land - Prime Retail Land: High Traffic Area
    Where is this land located?
    The property is located at 1933 State Highway 161 Grand Prairie, TX.
    What are key features of this property?
    This property features: Pad sites available for sale at the intersection of State Highway 161 and Pioneer Parkway in Grand Prairie, TX.; Zoned GR-1 (General Retail-One District), ideal for moderate-intensity retail and service uses on 3-5 acre sites.; High traffic counts: 46,200 VPD on State Highway 161 and 23,644 VPD on Pioneer Parkway.
    (214) 526-3626
    Request Owner's contact information
    1933 State Highway 161 Grand Prairie, TX 75051
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    Grand Prairie, TX 75051
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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
    1933 State Highway 161 Grand Prairie, TX 75051
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