Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1617 K Ave Plano, TX 75074

    For Sale
    $1,375,000

    Historic Downtown Plano Office & Retail

    Property size:
    5,834 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional property, located at 1617 K Ave in Plano, Texas, presents a unique investment opportunity. The 5,834 square foot building sits on a 0.54-acre lot in the heart of historic downtown Plano and is a designated local Heritage Landmark, eligible for the Heritage Tax Exemption program. Meticulously restored in 1992, this 1867 Greek Revival home retains many original features, including oak and pine floors. The main building currently houses a thriving retail business on the first floor and two meeting rooms, a full kitchen, and private residence on the second floor. A separate coach house in the back is currently leased to another business. The property is within walking distance of Plano's vibrant business district, offering easy access to shops, restaurants, and upscale apartments. Note that this designated Heritage Landmark requires approvals for any exterior alterations, repairs, renovations, new construction, and additions. The new owner will need to apply to continue the benefits of the City's Heritage Tax Exemption program. The asking price is $1,375,000. This is a rare chance to own a piece of Plano's history and a thriving commercial property.

    Property Features for 1617 K Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,834 SF
    Lot Size
    23,522 SF

    HighLights

    • 5,834 SF building on a 0.54‑acre lot in historic downtown Plano, TX.
    • Designated local Heritage Landmark eligible for Heritage Tax Exemption.
    • Meticulously restored 1867 Greek Revival home with original features.
    • First floor retail space, second floor with meeting rooms, kitchen, and residential space.
    • Separate leased coach house.
    • Walking distance to Plano's business district.
    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
    -96.6996526
    Latitude
    33.0225495

    Nearby Similar for Sale

    • $510,000
      3,166 SF

      Plano Duplex Investment Opportunity

      Full duplex in Plano with investment and living flexibility.
      1801 Camelot Cv, Plano, TX 75074
      View Details
    • $5,920,000
      1.34 Acres

      West Plano Freestanding Office Building

      Two-story office building in prime West Plano location.
      5808 W Plano Pkwy, Plano, TX 75093
      View Details
    • $1,100,000
      0.30 Acres

      Modern Office Asset in Plano

      Contemporary office building in Plano, TX, designed for efficiency.
      1805 K Ave, Plano, TX 75074
      View Details
    • New
      $1,590,000
      0.55 Acres

      Freestanding Office Building in Plano

      Two-story office building near US-75 with flexible commercial zoning.
      812 Lexington Dr, Plano, TX 75075
      View Details
    • $2,300,000
      0.66 Acres

      Office Building in Plano, TX

      Spacious office building suitable for title, law, or real estate.
      5212 Vlg Crk Dr Dr, Plano, TX 75093
      View Details
    • $550,000
      0.18 Acres

      Premium Flex Space in Plano

      Luxury flex space designed for car collectors and small businesses.
      6472 W Plano Pkwy, Plano, TX 75093
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Historic Downtown Plano Office & Retail
    Where is this individual retail property 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.
    What are key features of this property?
    This property features: 5,834 SF building on a 0.54-acre lot in historic downtown Plano, TX.; Designated local Heritage Landmark eligible for Heritage Tax Exemption.; Meticulously restored 1867 Greek Revival home with original features.
    Request Owner's contact information
    1617 K Ave Plano, TX 75074
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1617 K Ave
    Plano, TX 75074
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.