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    5703 Lancaster Rd Dallas, TX 75241

    For Sale
    Contact for pricing

    Prime Dallas land, 5.3 acres, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 5.3-acre commercial land parcel presents a remarkable investment opportunity in the thriving Dallas, Texas market. Located at 5703 S Lancaster Rd, Dallas, TX 75241, this property boasts a highly desirable location with exceptional visibility on Lancaster Road. The site is zoned PD1040 and MU-1, allowing for a variety of commercial development options. A key advantage is its strategic placement directly in front of a newly constructed multi-family development, ensuring a built-in customer base and high foot traffic. This translates to significant potential for retail businesses seeking prime locations with strong demographics. The expansive lot size offers ample space for development, accommodating various project scales and designs. The property's location in Dallas County provides easy access to major transportation arteries, ensuring convenient access for both customers and employees. This is a rare opportunity to acquire a well-positioned commercial land parcel in a rapidly growing area of Dallas, offering substantial potential for long-term growth and return on investment. Serious inquiries are encouraged to explore the possibilities of this exceptional property.

    Property Features for 5703 Lancaster Rd

    General Information

    Property type
    Land
    Lot Size
    230,868 SF

    HighLights

    • 5.3‑acre commercial land parcel in Dallas, TX.
    • Located at 5703 S Lancaster Rd, Dallas, TX 75241.
    • Zoned PD1040 and MU‑1.
    • Retail pad sites adjacent to a new multifamily development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.784359270581
    Latitude
    32.672859071078

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    FAQs

    What type of property is this?
    Land - Prime Dallas land, 5.3 acres, high visibility.
    Where is this land located?
    The property is located at 5703 Lancaster Rd Dallas, TX.
    What are key features of this property?
    This property features: 5.3-acre commercial land parcel in Dallas, TX.; Located at 5703 S Lancaster Rd, Dallas, TX 75241.; Zoned PD1040 and MU-1.
    (214) 979-6321
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    5703 Lancaster Rd Dallas, TX 75241
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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
    5703 Lancaster Rd Dallas, TX 75241
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