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    Ridgeview Dr Allen, TX 75013

    Sponsored
    For Sale
    $3,049,200

    Prime Allen, TX land, ±2 acres, development-ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land offering in Allen, Texas, presents a unique investment opportunity. Encompassing approximately two acres, this property is strategically located at the signalized intersection of Watters Road and Ridgeview Drive, providing excellent visibility and accessibility. The site benefits from a pre-approved conceptual site plan for a ±1.36-acre corner lot and an adjoining ±0.65-acre lot, allowing for flexible development options. These lots can be purchased individually or together. The property is zoned PD-92 Corridor Commercial/Entertainment, permitting a wide range of uses including retail, office, restaurant, hotel, and various professional services such as dental, daycare, and optometry. Existing infrastructure includes completed drainage, a 24-foot fire lane, and ornamental fencing, significantly reducing development costs and timelines. The location is highly desirable, adjacent to the Star Creek mixed-use development, which includes Waterscape Urban Residential and is surrounded by established single-family communities, ensuring a strong customer base and high foot traffic. The asking price for this exceptional property is $3,049,200. This is a rare opportunity to acquire a prime commercial parcel in a thriving Texas market. The property's location, zoning, and existing infrastructure make it an ideal choice for developers seeking a high-return investment.

    Property Features for 0 Ridgeview Dr

    General Information

    Property type
    Land
    Lot Size
    30,492 SF

    HighLights

    • High‑visibility corner lot at the signalized intersection of Watters Rd. and Ridgeview Dr.
    • Adjacent to Star Creek mixed‑use development, including Waterscape Urban Residential, and surrounded by established residential neighborhoods.
    • City of Allen‑approved conceptual site plan.
    • Subdividable into ±1.36‑acre and ±0.65‑acre parcels.
    • Existing infrastructure includes completed drainage, 24' fire lane, and ornamental fencing.
    • PD‑92 zoning allows for diverse commercial/entertainment uses, including retail, office, restaurant, hotel, and various professional services.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Allen
    County
    Collin
    State
    Texas
    Longitude
    -96.676965357556
    Latitude
    33.140869089242

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    FAQs

    What type of property is this?
    Land - Prime Allen, TX land, ±2 acres, development-ready.
    Where is this land located?
    The property is located at Ridgeview Dr Allen, TX.
    What is the asking price?
    The asking price for this property is $3,049,200.
    What are key features of this property?
    This property features: High-visibility corner lot at the signalized intersection of Watters Rd. and Ridgeview Dr.; Adjacent to Star Creek mixed-use development, including Waterscape Urban Residential, and surrounded by established residential neighborhoods.; City of Allen-approved conceptual site plan.
    (972) 562-9988
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    Ridgeview Dr Allen, TX 75013
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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
    Ridgeview Dr Allen, TX 75013
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