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    1617 K Ave Plano, TX 75074

    For Sale
    $1,375,000

    Charming 5,834 sq ft home, retail space, & coach house.

    Property size:
    5,834 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional property, located at 1617 K Avenue in historic downtown Plano, Texas, presents a unique investment opportunity. The property encompasses a meticulously restored 5,834 square foot Greek Revival home, built in 1867 and designated a local Heritage Landmark, making it eligible for the Heritage Tax Exemption program. Sitting on a 0.54-acre lot, the home boasts many original features, including oak and pine floors throughout much of the interior. The main house features a thriving retail business, "The Wooden Spoon Scandinavian Shop And Cultural Center," operating successfully for over 30 years on the first floor. The second floor offers two meeting rooms, a full kitchen, and private residential space. Adding to the property's income potential is a separate coach house located at the rear, currently leased to an independent business. This remarkable property is situated within walking distance of Plano's vibrant business district, offering easy access to shops, pubs, and upscale apartments. The combination of historical significance, established commercial income, and prime location makes this a truly exceptional offering. The asking price is $1,375,000.

    Property Features for 1617 K Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,834 SF
    Lot Size
    23,522 SF

    Building Details

    Year Built
    1867
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wooden Spoon Scandinavian ... Gift Shop Toilet Repair Plano ... Contractor

    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
    -96.69965
    Latitude
    33.02254

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    FAQs

    What type of property is this?
    Commercial real estate - Charming 5,834 sq ft home, retail space, & coach house.
    Where is this commercial real estate located?
    The property is located at 1617 K Ave Plano, TX.
    What is the asking price?
    The asking price for this property is $1,375,000.
    Request Owner's contact information
    1617 K Ave 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
    1617 K Ave Plano, TX 75074
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