Dallas, TX 75216 3827 S Lancaster Road
$1,190,000
Presented By: Pegah Ganji with Grand Estates Internationale; 469-585-4991
Home Details
Prime Investment Opportunity!
Seize the chance to own a fully leased corner lot Retail Shopping Center Strip with an impressive 8.06 CAP Rate. Boasting four thriving tenants, this property not only ensures immediate returns but also boasts recent upgrades, including a complete remodel in 2023 and a brand-new roof and promises immediate returns and potential for growth in a sought-after market area.
Features:
Fully leased with 4 tenants
Solid 8.06 CAP Rate
Pristine investment in a popular market
Immediate income potential
Whether you're expanding your portfolio or diving into real estate investment, this is your gateway to a lucrative asset. Contact us now for further details and to schedule an exclusive tour!
Owner Financing Available
Buyers and Agents are encouraged to verify all provided information.
Do not disturb Tenants!
Presented By: Pegah Ganji with Grand Estates Internationale; 469-585-4991
Interior Features for 3827 S Lancaster Road
Other Interior Features
SQFT Gross4156
Lock Box TypeNone
FlooringLaminate
Total Stories1
Total Units4
General for 3827 S Lancaster Road
Building UseAutomotive, Beauty/Barber, Office, Office/Warehouse, Retail, Storage Warehouse, Other
Business TypeAuto Body, Auto Dealer, Auto Glass, Auto Parts, Auto Rent/Lease, Auto Repair-Specialty, Auto Service, Auto Tires, Auto Wrecking, Barber/Beauty, Commercial, Construction/Contractor, Parking, Retail, Storage, Warehou
Ceiling Height8 to10 Feet
CityDallas
Construction MaterialsBrick, Concrete, Tilt Wall, Other
CoolingWall Unit(s), Window Unit(s)
CountyDallas
DirectionsHead north on I-35 from DeSoto.
Take the right exit onto Overton Rd.
Turn right onto S Lancaster Rd.
The property will be located on your right-hand side.
Gross Annual Expenses96000.00
HeatingElectric
Owner PaysExterior Maintenance, Insurance, Roof Maintenance, Taxes
PossessionClosing/Funding
Property SubtypeRetail
Property TypeCommercial Sale
RoofShingle
Standard StatusActive
StatusActive
Subdivision NameLiberty Heights
Tenant PaysAll Utilities, Electricity
Unexempt Taxes3147
UtilitiesAsphalt
Will SubdivideNo
Year Built1956
Year Built DetailsPreowned
Zoning DescriptionRetail
Exterior for 3827 S Lancaster Road
Building Area Total4156.00
Foundation Pillar/Post/Pier
Lot FeaturesAcreage
Lot SizeLess Than .5 Acre (not Zero)
Lot Size Acres0.4450
Lot Size Area0.4450
Lot Size SourcePublic Records
Lot Size Square Feet19384.2000
Lot Size UnitsAcres
Parking FeaturesAdditional Parking, Asphalt, Concrete, Parking Lot, Paved
Road Frontage TypeCity Street, Sidewalk
Additional Details
Price History
Katie Edwards
Realtor