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    609 E 16Th St Plano, TX 75074

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    For Sale
    $889,000

    Commercial property in downtown Plano, offering development potential.

    Lot size:
    0.94 Acres

    Property Features for 609 E 16Th St

    General Information

    Lot size
    0.94 Acres

    Building Details

    Year built
    1891

    Source: JPAR - Rockwall Agent Yolanda Simmensen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Plano Development Opportunity

    This commercial property, located in downtown Plano, presents a development opportunity on nearly an acre of land. Zoned as Corridor Commercial, the site offers flexibility for retail, office spaces, or mixed-use development. The property is located a couple of blocks east of the 75 Fwy. A historic home, constructed in 1891, is located on the property and designated for its architectural and cultural significance as H-10 and H-20. The property's location in downtown Plano offers proximity to businesses, dining, and entertainment. Please refer to the documents for current permitted uses.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -96.706776
    Latitude
    33.0217236

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    FAQs

    What type of property is this?
    Commercial land - Commercial property in downtown Plano, offering development potential.
    Where is this commercial land located?
    The property is located at 609 E 16Th St Plano, TX.
    What is the asking price?
    The asking price for this property is $889,000.
    What are key features of this property?
    This property features: - Prime development opportunity in the heart of downtown Plano.; - Zoned Corridor Commercial, offering flexibility for retail, office, or mixed-use development.; - Nearly an acre of prime real estate.
    Request Owner's contact information
    609 E 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 E 16Th St Plano, TX 75074
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