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$2,049,000
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Property Description
A SHOVEL READY 16 TOWNHOMES PROJECT APPROVED PERMIT IN PRIME LOCATION! 2 LOTS TOGETHER AS 316 AND 324 N LANCASTER!This exceptional permit-ready 16-townhome project is located in the highly desirable Bishop Arts area, one of Dallas's most sought-after neighborhoods. Each townhome ranges from 1,912 sq. ft. to 1,949 sq. ft. and is thoughtfully designed with 3 bedrooms, 3.5 bathrooms, and a dedicated study or office space on the first floor. Additionally, the townhomes feature oversized rooftop decks, perfect for entertaining or relaxing while enjoying the vibrant surroundings. The project is situated in a prime location near the transformational Southern Gateway Park, the charming Bishop Arts District, the popular Dallas Zoo, and the exciting new Trinity River Project. This ideal location offers residents unparalleled convenience and access to cultural, recreational, and dining attractions. For investors, this project presents a unique opportunity in a rapidly appreciating area with a high potential for strong returns. The Bishop Arts neighborhood is known for its growth and vibrancy, making it an excellent choice for those seeking a high cap rate and long-term value.
Full Property Details
Full Property Details for 316 N Lancaster
General
- Price: $2,049,000
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 21112322
- Updated: 11/17/2025
- Added to Site: 100 day(s) ago
Location
- County: Dallas
- Subdivision: OAK CLIFF ORIGINAL
- Driving Directions: See GPS
School Information
- Elem School District: Dallas ISD
- Midd School District: Dallas ISD
- High School District: Dallas ISD
- Elementary School: Marsalis
- Middle School: Benjamin Franklin
- High School: Jefferson
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
Lot Features
- Lot Size (Acres): 0.42
- Lot Size (Sq. Ft.): 18,295.2
- Lot Features: Other, City Lot
- Development Status: Zoned
- Zoning: PD Zoning
Disclosures and Reports
- Property ID: XXXX
Listed by Compass RE Texas, LLC, Fahri Olgundeney
Get Pre-Approved Today
Schools
Schools serving 316 N Lancaster
School District:Dallas Independent School District
| Name | Grades | Distance |
|---|---|---|
James Bowie Elementary School, Dallas, TX 330 North Marsalis Avenue, Dallas, TX 75203 | K-5 | 0.1 mi |
Hector P Garcia Middle School 700 East 8th Street, Dallas, TX 75203 | 6-8 | 0.1 mi |
W High Adamson High School 309 East 9th Street, Dallas, TX 75203 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 316 N Lancaster
Date
Details
Price
Change
Source
11/17/2025
Listed
$2,049,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 316 N Lancaster
Year
Property Taxes
Change
Tax Assessment
Change
2024
100%
$273,750
20%
2023
100%
$228,130
—
2021
100%
$228,130
25%
2021
100%
$182,500
33%
2020
-100%
$136,880
114%
2018
$1,818
-39%
$63,880
-42%
2019
$2,993
72%
$109,500
71%
2017
$1,737
—
$63,880
—
2016
$1,737
-1%
$63,880
—
2015
$1,751
—
$63,880
—
2014
$1,746
251%
$63,880
250%
2013
$497
—
$18,250
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 316 N Lancaster
316 N Lancaster, Dallas, TX 75203 (MLS# 21112322) is a Lots/Land property with a lot size of 0.42 acres. 316 N Lancaster is currently listed for $2,049,000 and was received on November 17, 2025. Want to learn more about 316 N Lancaster? Do you have questions about finding other Lots/Land real estate for sale in Dallas? You can browse all Dallas real estate or contact a Coldwell Banker agent to request more information.

