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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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1620 Marsalis Rd , Lancaster, TX 75134
$249,900
Est. Payment: $1,403.62/mo
3 Acres
Status: active | Days on site: 130
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JCSL01 - 0663255
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House 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!

Highlights

Listed by Kimberly Shaw , Just Call Shaw LLC , North Texas Real Estate Information Systems

Property Type

Vacant Land

Lot/Acreage
3

County

Dallas

Neighborhood

Beckley City

School District

Lancaster ISD

Listing ID

21291049

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Interior Features

Exterior Features

Lot:Acreage,Interior Lot,3 to < 5 Acres
Lot Dimensions:150x904
Zoning:Residential MF-16
Principal Interest
$1,404
Taxes
$472

Home Price

$249,900

Loan Details

30 yrs
7.542%

Down Payment

20%
$49,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,403.62

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,403.62 $471.58 $0.00 $1,875.21
Yearly $16,843.49 $5,659.00 $0.00 $22,502.49
Total $505,304.55 $169,770.00 $0.00 $675,074.55

Today's Rates

30 Year

7.54%

20 Year

7.2%

15 Year

6.73%

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Market insight data is pulled from the same city as the listing being viewed (Lancaster, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-11T10:06:54.320Z

© 2026 North Texas Real Estate Information Systems