About This Home
This land at 1620 Marsalis Road in Lancaster, TX is listed for $249,900 (3.00 acres).
Key Features
- 3.00 acre lot
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!
Location
1620 Marsalis Road
Lancaster, TX 75134
Beckley City
Questions & Answers
This 0-bedroom, 0-bathroom land at 1620 Marsalis Road is listed at $249,900. The estimated monthly payment is $1,337 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: 3.00 acre lot.
This property is listed by Kimberly Shaw and can be reached at (214) 846-7459.
