212 Interstate 35Lancaster, TX 75146
- Retail properties
- 1,166 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].