Description

3701 S Lancaster Road is a retail property for sale in Dallas’s South Dallas submarket. Its 900 SF of gross leasable area sits on 0.35 acres, pairing a compact building footprint with a site that gives an investor or owner-user room to think beyond interior space alone.

Built in 1976, the property comprises two buildings and two leasable spaces. Grade-level doors, assigned parking and covered parking support the retail-flex and automotive-service configuration described for the site. Electricity, city water and city sewer serve the property. The CR, Community Retail zoning and the relationship between the buildings and the lot give a buyer distinct questions to pursue: how to use the spaces today and how the site fits a longer-term operating plan.

Lancaster Road frontage places the property along a route with a traffic count of 15,423 AADT. For a customer-facing business, that exposure makes the address part of the operating proposition, not just a point on a map. The property is also near I-35E, I-45 and Loop 12, connecting the South Dallas location to routes across the area. Those access points matter to operators drawing customers, employees or service trips from beyond the immediate neighborhood.

The asking price is $650,000, or $722.22 PSF, with pricing also expressed as $1,857,142.86 per acre. The investment figures show $48,000 NOI and a 7.38% cap rate; the stabilized figures are likewise $48,000 NOI and a 7.38% cap rate. The NNN lease structure is part of that income picture. Buyers weighing the site alongside those figures can turn to the Offering Materials for a closer look.