4214 S. Lancaster Road
Retail | 7,500 SqFt
Marketing description
Investment Opportunity in SE Dallas: Flex Showroom with Industrial & Office Space Near VA Hospital and DART Rail.
Strategic Location on S. Lancaster Road: This property is situated on S. Lancaster Road in Dallas, a corridor experiencing approximately 14,380 vehicles per day, reflecting strong visibility and accessibility. The building sits on a 0.20-acre lot with 8,712 square feet of land area. Located in the SE Dallas/I-45 submarket, the property benefits from proximity to Ann Arbor Avenue (6,913 VPD) and other major corridors, providing excellent connectivity to surrounding neighborhoods and employment centers.
Versatile Commercial Zoning - CR: The property's CR (Community Retail) zoning permits a wide range of commercial uses, making it ideal for retail, showroom, flex/industrial, or service-oriented businesses. This versatile zoning designation allows investors to explore numerous redevelopment or repositioning strategies to maximize the property's potential in this growing submarket.
Proximity to Key Institutions: The property is located in close proximity to the Veterans Affairs (VA) Hospital, one of the area's largest employers and traffic generators. Additionally, it is within walking distance of the DART Rail system, providing transit connectivity throughout the Dallas metropolitan area. The surrounding area features a population of over 17,000 within a 1-mile radius and over 112,000 within 3 miles.
Opportunity Zone Designation: This property is located within a federally designated Opportunity Zone, offering potential tax advantages for qualified investors. This designation can provide significant benefits including deferral, reduction, and potential elimination of capital gains taxes, enhancing the overall investment return profile of this asset.
Investment highlights
- Value-Add Investment: Listed at $299,000 ($39.87/SF), significantly below the market sale price of $117/SF, offering substantial upside potential for investors willing to reposition or redevelop the asset.
- Opportunity Zone Benefits: Located within a federally designated Opportunity Zone, providing potential tax advantages including capital gains deferral and reduction for qualified investors.
- VA Hospital Proximity: Close proximity to the Veterans Affairs Hospital, one of Dallas's major medical facilities and employment centers, generating consistent daily traffic and demand for services.
- DART Rail Access: Walking distance to DART Rail transit, providing excellent connectivity throughout the Dallas-Fort Worth metropolitan area and expanding the potential customer and employee base.
- High Traffic Corridor: Located on S. Lancaster Road with approximately 14,380 vehicles per day, providing strong visibility and exposure for commercial operations.
- Flexible Building Configuration: The 7,500 SF building features a 75/25 industrial-to-office ratio with an open floor plan, recent roof repairs, and air conditioning — ready for immediate occupancy or repositioning.
- Growing Demographics: The surrounding area shows projected population growth of 4.35% within 1 mile and 3.68% within 3 miles from 2025-2030, indicating expanding market opportunity.
- Below-Market Assessed Value: The 2025 tax assessment of $166,500 is well below the asking price, suggesting room for favorable tax positioning relative to the investment amount.
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