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    609 16Th St Plano, TX 75074

    For Sale
    $1,000,900

    Historic home, prime acre lot, high potential.

    Property size:
    1,520 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 1,520 square foot property at 609 E 16th Street, Plano, TX presents a unique development opportunity. Situated on a nearly one-acre lot (0.94 acres) in the heart of downtown Plano, this site is zoned Corridor Commercial, offering incredible flexibility for various uses. Imagine a vibrant retail space, modern office complex, or a mixed-use development that seamlessly blends historical charm with contemporary design. The property includes a historic home, built in 1891, designated H-10 and H-20 for its architectural and cultural significance. This presents a chance to preserve a piece of Plano's history while creating a truly distinctive commercial landmark. Its location, just a couple of blocks east of the 75 Fwy, provides excellent access and visibility. The property benefits from downtown Plano's thriving atmosphere, surrounded by bustling businesses, diverse dining options, and vibrant entertainment venues. This nearly one-acre site offers immense potential for a developer seeking a high-impact project in a desirable location. Further details on permitted uses are available in the provided documentation. The asking price is $1,000,900.

    Property Features for 609 16Th St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,520 SF
    Lot Size
    40,946 SF

    Building Details

    Year Built
    1891
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.70697
    Latitude
    33.0216

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    FAQs

    What type of property is this?
    Commercial real estate - Historic home, prime acre lot, high potential.
    Where is this commercial real estate located?
    The property is located at 609 16Th St Plano, TX.
    What is the asking price?
    The asking price for this property is $1,000,900.
    Request Owner's contact information
    609 16Th St Plano, TX 75074
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    Plano, TX 75074
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    609 16Th St Plano, TX 75074
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