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2301 Main st - 82 Single Family Paper Lots | Lancaster, TX 18.42 Acres of Residential Land Offered at $1,881,900 in Lancaster, TX 75146
Investment Highlights
- The 82 lots are located less than a mile east of I-35 and approximately 13 miles south of Downtown Dallas via Interstate 35.
- The Final Plat shows a mix of 19 village (50’x110’), 21 townhome (25’x90’), and 42 cottage units (40’x90’).
- According to Texas Realtors, the median home price in Lancaster is $286,250.
- Less than a mile west from the Site are national retailers such as Walmart, Kroger, Home Depot, In-N-Out, and more.
- Civil Construction Plans have been completed and will be conveyed at closing along with any existing third party reports.
- Per Texas Realtors, in May of 2024 the median sale price per square foot was $171, which is up 3.3% percent since last year.
Executive Summary
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer qualified builders and developers the opportunity to purchase 82 fully engineered residential lots within an 18.42+/- acre development Site in Lancaster, TX (the “Site”), which is a suburb south of Dallas. The Site is zoned within the Mills Branch overlay district and the Seller has a final plat approved for a mix of 19 village (50’x110’), 42 cottage (40’x90’), and 21 townhome lots (25’x90’). The Site is prominently located along West Belt Line Road, less than a mile east of Interstate 35, giving the Site direct access to downtown Dallas. Seller will also consider a finished lot sale at the price of $85,000 per finished lot.
A 2% Co-Broker Fee is available to a Co-Broker that sources a Principal that VREA has not previously contacted in any format or sent information regarding this opportunity. If seeking a Co-Broker Fee, the third-party broker must be identified upon initial conversation with listing broker.
A 2% Co-Broker Fee is available to a Co-Broker that sources a Principal that VREA has not previously contacted in any format or sent information regarding this opportunity. If seeking a Co-Broker Fee, the third-party broker must be identified upon initial conversation with listing broker.
Property Facts
| Price | $1,881,900 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 18.42 AC |
| Property Type | Land | ||
| Zoning | A-O, Agricultural Open - Mills Branch Overlay District. | ||
| Price | $1,881,900 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 18.42 AC |
| Zoning | A-O, Agricultural Open - Mills Branch Overlay District. |
1 Lot Available
Lot
| Price | $1,881,900 | Lot Size | 18.42 AC |
| Price Per AC | $102,166.12 |
| Price | $1,881,900 |
| Price Per AC | $102,166.12 |
| Lot Size | 18.42 AC |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 65120824010080000 | Improvements Assessment | $0 |
| Land Assessment | $955,000 | Total Assessment | $955,000 |
Property Taxes
Parcel Number
65120824010080000
Land Assessment
$955,000
Improvements Assessment
$0
Total Assessment
$955,000
Contacts
-
Jordan Cortez -
Will Droese -
Mason John -
Haley Birmingham -
Reid Pierce -
Justin Tidwell -
Vanguard Real Estate Advisors
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2301 Main st - 82 Single Family Paper Lots | Lancaster, TX
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