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    501 Old Red Oak Rd Blossom, TX 75416

    For Sale
    $306,690

    Prime 3-acre lot, excellent location, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 3-acre commercial property, located at 501 Old Red Oak Road in Lancaster, Texas (zip code 75416), presents a unique investment opportunity. Situated in Dallas County, this land boasts convenient frontage on both Old Red Oak Road and Highway 342, ensuring high visibility and accessibility. The lot has already undergone significant preparation, with trees cleared to facilitate immediate development. The property features excellent drainage, a key advantage for various construction projects. Essential utilities are readily available, with power already connected to the site and water and sewer lines located in close proximity, minimizing infrastructure costs and expediting the building process. This versatile land parcel is zoned for commercial, industrial, and residential uses, offering a wide range of development possibilities to suit diverse business needs or residential projects. Its strategic location and prepared condition make it an ideal choice for developers, investors, and businesses seeking a prime location in the thriving Texas market. The asking price is $306,690.

    Property Features for 501 Old Red Oak Rd

    General Information

    Property type
    Land
    Lot Size
    130,680 SF

    HighLights

    • 3‑acre commercial lot in Lancaster, TX (75146), located on Old Red Oak Road and Highway 342.
    • Cleared lot with excellent drainage.
    • Power connected, water and sewer nearby.
    • Zoned for commercial, industrial, and residential use.
    • Asking price: $306,690.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Blossom
    County
    Dallas
    State
    Texas
    Longitude
    -95.3416255
    Latitude
    33.6701396

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    FAQs

    What type of property is this?
    Land - Prime 3-acre lot, excellent location, ready to build.
    Where is this land located?
    The property is located at 501 Old Red Oak Rd Blossom, TX.
    What is the asking price?
    The asking price for this property is $306,690.
    What are key features of this property?
    This property features: 3-acre commercial lot in Lancaster, TX (75146), located on Old Red Oak Road and Highway 342.; Cleared lot with excellent drainage.; Power connected, water and sewer nearby.
    Request Owner's contact information
    501 Old Red Oak Rd Blossom, TX 75416
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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
    501 Old Red Oak Rd Blossom, TX 75416
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