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    701 1St St Prosper, TX 75078

    For Sale
    $950,000

    Modern Office Space, Fully Renovated, 0.54 Acres

    Property size:
    1,660 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 1,660 square foot office building in Prosper, TX, presents a unique investment opportunity. Located at 701 E 1st Street, this property sits on a desirable 0.54-acre lot and has undergone a complete reconstruction in 2024. The renovation included the installation of brand new HVAC systems and ductwork, complete with a 10-year warranty for peace of mind. The entire electrical wiring system has been replaced, ensuring modern and efficient power distribution. Furthermore, the plumbing has been fully updated, including the addition of four restrooms, two of which are ADA compliant. Energy efficiency is maximized with new foam insulation throughout the building. The interior boasts new doors, trims, windows, flooring, paint, and updated door knobs and other finishes, creating a fresh and modern workspace. Exterior improvements include new concrete and sidewalks, with parking to be constructed per the approved site plan. The property is zoned to prohibit schools and daycare centers. This turnkey office building is ready for immediate occupancy and offers a compelling combination of modern amenities and a prime Prosper location. The asking price is $950,000.

    Property Features for 701 1St St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,660 SF
    Lot Size
    23,522 SF

    Building Details

    Year Built
    1920
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kabat Interactive Solutions Marketing Consultant

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Prosper
    County
    Collin
    State
    Texas
    Longitude
    -96.79466
    Latitude
    33.23399

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    FAQs

    What type of property is this?
    Office Property / Space - Modern Office Space, Fully Renovated, 0.54 Acres
    Where is this office property / space located?
    The property is located at 701 1St St Prosper, TX.
    What is the asking price?
    The asking price for this property is $950,000.
    Request Owner's contact information
    701 1St St Prosper, TX 75078
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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
    701 1St St Prosper, TX 75078
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