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    531 2Nd St Princeton, TX 75407

    Sponsored
    For Sale
    $550,900

    0.98-acre lot, $550,900

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.98-acre commercial lot, located at 531 S 2nd St in Princeton, Texas (zip code 75407), presents a unique investment opportunity in a rapidly expanding area. Zoned for single-family residential (SFR), the property offers considerable potential for a variety of commercial ventures. The asking price is $550,900. Situated in Collin County, this property benefits from its proximity to a new construction neighborhood, indicating strong future growth and development in the immediate vicinity. While the existing structure on the property was built in 1973, the focus is on the land's potential for redevelopment. Prospective buyers should be aware that any development plans will require approval from the City of Princeton. A significant advantage is the sewer line's convenient location directly adjacent to the property, simplifying infrastructure connections. The possibilities are numerous, making this a highly attractive site for entrepreneurs seeking to establish a presence in a thriving Texas market. This is a chance to capitalize on the area's projected growth and create a successful commercial enterprise. Consider this land for a doctor's office, daycare center, or other suitable commercial use. Act quickly to secure this prime location.

    Property Features for 531 2Nd St

    General Information

    Property type
    Land
    Lot Size
    42,689 SF

    HighLights

    • $550,900 asking price for 0.98 acres of commercial land.
    • Located at 531 S 2nd St, Princeton, TX 75407 in Collin County.
    • SFR zoning.
    • Year built 1973.
    • Suitable for various commercial uses, including a doctor's office or daycare center.
    • Located in a rapidly growing area with new construction nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    DENT AWAY Auto Dent Removal Service Fitness Court at 3rd ... Gym 3rd Street Park Park

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Collin
    State
    Texas
    Longitude
    -96.499326696362
    Latitude
    33.165955167926

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    FAQs

    What type of property is this?
    Land - 0.98-acre lot, $550,900
    Where is this land located?
    The property is located at 531 2Nd St Princeton, TX.
    What is the asking price?
    The asking price for this property is $550,900.
    What are key features of this property?
    This property features: $550,900 asking price for 0.98 acres of commercial land.; Located at 531 S 2nd St, Princeton, TX 75407 in Collin County.; SFR zoning.
    (972) 736-3166
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    531 2Nd St Princeton, TX 75407
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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
    531 2Nd St Princeton, TX 75407
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