212 Interstate 35Lancaster, TX 75146

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 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.

• CAP approach

  CAP return

  Valuation

  6%

  $226,484

  6.5%

  $209,062

  7%

  $194,129

• Comparable approach

  Method

  Valuation

  Relative Method

  $132,318

  Geo Method

  $363,052

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $406,518

  Mixed-Use / Specialty

  $208,791

  Hospitality / Lodging

  $153,800

  Office

  $208,044

  Institutional / Educational

  $217,227

  Residential Income

  $254,156

  Multifamily

  $302,193

  Automotive / Energy

  $186,195

  Parking / Income-Based Land

  $63,785.30

  Restaurant / Food Service

  $109,605

  Healthcare / Senior Housing

  $213,625

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

FAQs

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