Commercial Lot in Historic
For Sale
$799,000
306 E Pecan Street, Celina, TX 75009
Prime location for office, medical, or retail development.
Property Size1,716 SF
Price / SF$465.62
Days on Market103
Property Features for 306 E Pecan Street
General Information
Standard status
Active
Size
1,716 SF
Property subtype
Commercial
Building Details
Year Built
1928
Listing Agency:
Leigh Glendenning Real Estate
(972) 382-4455
Listed By:
Leigh Glendenning · License #0340882
(972) 668-5596
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Aug 1 at 1:06PM
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 Leigh Glendenning Real Estate
Investment Insights
Based on property information with market context.
This commercial lot, offered as lot value only, is ideally situated for office, medical, or retail development. Its location provides walking distance access to Town Square, shopping, and restaurants. The deep lot has utilities extending to the alley in the back. With frontage on the main entrance to Historic Downtown Celina, it presents a unique opportunity. The property is located near a proposed senior living facility.
Key Highlights
- Excellent location for office, medical, or retail.
- Walking distance to Town Square, shopping, and restaurants.
- Frontage on Main Entrance to Historic Downtown Celina.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.4k | $24.12 |
| − Vacancy | −$1.9k | −$1.13 |
| EGI | $39.4k | $22.99 |
| − OpEx | −$11.8k | −$6.90 |
| NOI | $27.6k | $16.09 |
1,716 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$394.4K
$345.1K – $460.2K
NOI $27,611 @ 7.0% cap · market cap 3.46%
Second Best
Office B
$310.9K
$272.0K – $362.7K
NOI $21,762 @ 7.0% cap · market cap 2.72%
Theoretical Best
Industrial
$1.71M
$1.49M – $1.99M
NOI $119,359 @ 7.0% cap · market cap 14.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
Explore this area
Business Placement
Demographics for 75009, TX
21,276
Population
9,943
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
96%
High-School Grad
98.7 sq mi
ZIP Area
216
Density / Sq Mi
$166,064
Median Household Income
$70,683
Median Earnings
$2,134
Median Rent
$471,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Prime location for office, medical, or retail development.
Where is this commercial land located?
The property is located at 306 E Pecan Street Celina, TX.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Excellent location for office, medical, or retail.; Walking distance to Town Square, shopping, and restaurants.; Frontage on Main Entrance to Historic Downtown Celina.
