626 Interstate 35Lancaster, TX 75146

  • Commercial land
  • 9.37 AC
For Sale
$1,500,000 View listing

Property Details for 626 Interstate 35

Lot size
9.37 AC
Zone code
Z04
Property type
Commercial land
APN
65067253510020000
APU
65067253510020000

Description

This exceptional 9.37-acre vacant land parcel presents a unique investment opportunity in Lancaster, Texas. Located at 626 S Interstate 35, this property boasts a highly desirable location with significant commercial development potential. Currently zoned for agricultural use, the land offers considerable flexibility for future development, allowing for a wide range of commercial projects. The expansive acreage provides ample space for a variety of uses, including but not limited to retail centers, mixed-use developments, or other commercial ventures. Its strategic positioning along Interstate 35 ensures high visibility and accessibility, making it an ideal location for businesses seeking strong exposure to a large volume of traffic. The property's size and location make it an attractive proposition for developers and investors seeking to capitalize on the growing commercial landscape of Lancaster. This is a rare chance to acquire a substantial tract of land with immense potential for significant return on investment. The property is priced at $1,500,000 and offers a blank canvas for a visionary developer to create a landmark commercial project. Serious inquiries are encouraged to explore the possibilities and secure this exceptional opportunity. The seller is motivated and ready to negotiate.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $142,301,000
    Retail / Commercial
    $73,181,900
    Mixed-Use / Specialty
    $73,086,900
    Hospitality / Lodging
    $53,837,600
    Office
    $72,825,500
    Institutional / Educational
    $76,040,200
    Residential Income
    $88,967,100
    Multifamily
    $105,782,000
    Automotive / Energy
    $65,177,300
    Parking / Income-Based Land
    $22,328,000
    Restaurant / Food Service
    $38,367,200
    Healthcare / Senior Housing
    $74,779,100

Location Insight

City
Lancaster
County
Dallas
State
Texas
Latitude
32.5806
Longitude
-96.8194
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,518
$187,400
-
$187,400
-
$187,400
-
$187,400

FAQs

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