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Freestanding Retail Opportunity in Allen
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520 E MAIN ST, Allen, TX 75002

Former CVS ideal for serving a strong trade area.

Space SizeContact for details
Days on Market137

Property Features for 520 E MAIN ST

General Information

Standard status Active
Property subtype Commercial
Listing Agency: The Weitzman Group | Dallas
Listed By: Kevin Butkus · License #TX 704178
Source: Weitzmangroup
Added: Apr 8 Changed: Aug 16 Last Checked: Aug 22 at 3:51AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Weitzman Group | Dallas

Investment Insights

Based on property information with market context.

This freestanding, former CVS property offers an opportunity for a new business concept within a well-established trade area. The property is located at a key retail intersection, serving the surrounding neighborhoods. The location is zoned mixed use district, which allows flexibility in what new business will serve a key retail intersection for the surrounding neighborhoods. The surrounding neighborhoods include 100,000 people within a 3-mile radius. The property has a size of 12738 square feet.

Key Highlights

  • Freestanding building, formerly a CVS location.
  • High population density: 100,000 people within 3 miles.
  • Zoned mixed use district offering business flexibility.

Property Analytics

Current Use

Cardtronics ATM Atm CVS Pharmacy CVS Pharmacy Pharmacy CVS ATM Atm MoneyGram Bank

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Restaurant Auto Parts Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

700
Businesses Nearby
129k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 46% Dining 45% Apparel 6% Home Improvements & Furnishings 3%
Dollar Tree Shops & Services
21,464 visits/mo 0.3 miles
Braum's Ice Cream & Dairy Stores Dining
15,896 visits/mo 0.4 miles
SONIC Drive In Dining
13,226 visits/mo 0.2 miles
7-Eleven Shops & Services
9,008 visits/mo 0.2 miles
Chicken Express Dining
8,543 visits/mo 0.2 miles

Demographics for 75002, TX

69,939
Population
24,174
Households
2.9
Avg Household Size
38
Median Age
52%
College-Educated
95%
High-School Grad
37.6 sq mi
ZIP Area
1,860
Density / Sq Mi
$129,306
Median Household Income
$61,171
Median Earnings
$1,967
Median Rent
$403,800
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • COVID-19 Drive-Thru Testing at Walgreens 510 E Main St, Allen, TX 75002
  • CVS 520 E Main St, Allen, TX 75002
  • Walgreens Pharmacy 510 E Main St, Allen, TX 75002
  • CVS Pharmacy 520 E Main St, Allen, TX 75002
  • Greg Clark 520 E Main St, Allen, TX 750023010

Frequently Asked Questions

What type of property is this?
Drug store - Former CVS ideal for serving a strong trade area.
Where is this drug store located?
The property is located at 520 E MAIN ST Allen, TX.
What are key features of this property?
This property features: Freestanding building, formerly a CVS location.; High population density: 100,000 people within 3 miles.; Zoned mixed use district offering business flexibility.
More about this property
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