211 Pleasant Run Rd Lancaster, TX 75146

Property Details for 211 Pleasant Run Rd

Year built

1984

Lot size

1.36 lot acres

Property size

12,786 SF

Property type

Commercial real estate

Description

This 12,786 square foot Class C office building, located at 211 W Pleasant Run Rd in Lancaster, Texas (75146), presents a compelling investment opportunity. Built in 1984, the property sits on a 1.36-acre lot and currently boasts 36% occupancy with multi-tenant leases. The asking price is $1,300,000, translating to $101.67 per square foot. Significant recent improvements include a brand new $408,000 roof installed in Q3 2023, complete with warranties, and recently renovated restrooms. The building features a high parking ratio, flexible suite configurations, excellent tenant signage and lighting, and benefits from a prime location offering quick access to North Dallas Ave, just 20 miles from Downtown Dallas. The strong demographics and high traffic counts in this gentrifying area contribute to high tenant demand. Short-term lease renewals provide the opportunity to increase below-market rents to current market rates. Tenants have invested substantially in high-quality interior build-outs. The property's size, layout, and location make it ideal for sale or lease to an owner-user. Furthermore, the property is priced below replacement cost and is situated in a high-growth South Dallas market experiencing significant job growth, including a new Walmart distribution center (1,500 jobs) and a new Niagara bottling center (500 jobs). This presents a unique chance to capitalize on a thriving market and a well-maintained asset with significant upside potential.

Location Insight

City

Lancaster

County

Dallas

State

Texas

Longitude

-96.7602711

Latitude

32.603937