Downtown Corner Development
For Sale
$345,000
379 North Cedar Drive, Allen, TX 75002
Corner commercial lot with approvals for high-density residential and mixed-use development options.
Property Size16,509 SF
Price / SF$20.90
Days on Market257
Property Features for 379 North Cedar Drive
General Information
Standard status
Active
Size
16,509 SF
Property subtype
Lots & Acreage / Unimproved Land
Additional Details
Highway Access
Yes
Listing Agency:
Ultimate Real Estate Group LLC
(469) 491-8533
Listed By:
Iman Farzadpour · License #0699253
(469) 491-8533
Source:
Compass
Added: Nov 21, 2025
Changed: Jul 22
Last Checked: Aug 4 at 11:30AM
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 Ultimate Real Estate Group LLC
Investment Insights
Based on property information with market context.
This downtown corner commercial lot is located in the heart of Allen’s Central Business District and is described as having approval for high-density residential development, including apartments and condominiums, as well as office buildings, retail stores, restaurants, and entertainment venues.
The property sits at the intersection with access from both Cedar and St. Mary Street. It is also described as being within walking distance of Allen High School and the Lower Freshman Center.
The listing also notes easy access to major highways and public transportation, supporting convenient arrival and visibility for future development uses tied to the approved uses.
The property sits at the intersection with access from both Cedar and St. Mary Street. It is also described as being within walking distance of Allen High School and the Lower Freshman Center.
The listing also notes easy access to major highways and public transportation, supporting convenient arrival and visibility for future development uses tied to the approved uses.
Key Highlights
- Corner lot in Allen’s downtown Central Business District (CBD) with access from both Cedar and St. Mary Street
- Approved for high‑density residential development, including apartments and condominiums
- Approvals also include office buildings, retail stores, restaurants, and entertainment venues
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Corner commercial lot with approvals for high-density residential and mixed-use development options.
Where is this commercial land located?
The property is located at 379 North Cedar Drive Allen, TX.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Corner lot in Allen’s downtown Central Business District (CBD) with access from both Cedar and St. Mary Street; Approved for high‑density residential development, including apartments and condominiums; Approvals also include office buildings, retail stores, restaurants, and entertainment venues
