Yes, Lightroom has a preset feature. There are built-in presets, and you can export user presets from Lightroom Classic and import them into Lightroom if you want. The preset button to reveal the preset menu is at the bottom right-hand area of the interface when you have a single image open.
Lightroom does not have all the features that LrC has. But if you like using Lightroom then that is your choice. Both versions are being developed independently from each other so I suspect it will be quite some time before there will be parity between the two versions.