1620 Marsalis Rd, Lancaster, TX 75134
- $249,900
- List Price
- $249,900
- Price Change
- ▼ $50,000 1788381893
- MLS#
- 21291049
- Status
- ACTIVE
- Type
- Land
- Subtype
- Land
- Acres
- 3
- County
- Dallas
- City
- Lancaster
- Subdivision
- Beckley City
Property Description
DEVELOPMENT OPPORTUNITY IN LANCASTER! Approximately 3 acres of MF-16 zoned land offering a unique opportunity for multifamily development in one of Southern Dallas County’s growing communities. Spanning an entire block, the property fronts Marsalis Road and extends approximately 904 feet to Pike Drive, providing an exceptional site configuration with access and visibility from both ends. Surrounded by existing multifamily communities, the property offers an opportunity to introduce new housing within an established residential area while benefiting from Lancaster’s continued growth and investment. The City is advancing significant public improvements, including a new City Hall and surrounding development. MF-16 zoning provides a strong foundation for a multifamily concept, subject to City requirements and buyer due diligence. A portion of the property lies within the floodplain and may lend itself to thoughtful site planning incorporating green space, walking areas, detention, or other resident amenities. The seller has proactively engaged with the City regarding future development opportunities, and a new survey is underway and will be provided upon completion. Bring your vision to Marsalis Road and explore the potential of this full-block multifamily development site!
Additional Information
- Unexempt Taxes
- $5,659
- Lot Size
- 130,680
- Acres
- 3
- Lot Description
- Irregular Lot, City Lot
- School District
- Lancaster Isd
- Elementary School
- Houston
- Middle School
- Lancaster
- High School
- Lancaster
- Possession
- CloseOfEscrow
- Proposed Use
- Multi-Family, Residential
Mortgage Calculator
Listing courtesy of Kimberly Shaw from Just Call Shaw LLC. Contact:
Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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