212 Interstate 35Lancaster, TX 75146

  • Retail properties
  • 1,166 SF
For Sale
$3,500,000 View listing

Property Details for 212 Interstate 35

Year built
1986
Construction
FRAME
Lot size
4.54 AC
Property size (Sq ft)
1,166 SF
Zone code
Z401
Property type
Retail properties
Property subtype
Retail space
APN
65127875010141400
APU
65127875010141400

Description

This exceptional 4.54-acre commercial property, located at 212 S Interstate 35 E in Lancaster, Texas (zip code 75146), presents a compelling investment opportunity. Situated directly adjacent to Interstate 35, this high-visibility site boasts significant traffic exposure, ideal for a variety of commercial ventures. The property is zoned for commercial use and includes an existing 1,166 square foot building, offering immediate potential for various businesses. The versatile nature of this land makes it suitable for restaurants, retail establishments, or auto shops, among other possibilities. Its prime location in Dallas County, Texas, ensures easy access to a large customer base and strong regional connectivity. The asking price for this significant commercial property is $3,500,000. This is a rare chance to acquire a substantial piece of land in a thriving area with excellent development potential. The existing building provides a solid foundation for immediate occupancy or renovation, while the ample acreage allows for significant expansion or future development. Don't miss this chance to secure a prime commercial property in a high-growth area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $292,332
    6.5%
    $269,845
    7%
    $250,571
  • Comparable approach

    Method
    Valuation
    Relative Method
    $320,617
    Geo Method
    $879,704
  • Alternative Use

    Use
    Valuation
    Residential
    $227,625
    Hospitality
    $208,503
    Educational
    $173,472
    Medical
    $179,438
    Retail
    $269,845
212 Interstate 35, Lancaster, Texas

Location Insight

City
Lancaster
County
Dallas
State
Texas
Latitude
32.5892
Longitude
-96.8211
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
$4,114
$98,990
$71,630
$170,620
-
$98,990
$71,630
$170,620

FAQs

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