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

    830 Princeton Dr Princeton, TX 75407

    For Sale
    Contact for pricing

    Vacant medical office & senior living complex. Prime Collin County location.

    Property size:
    111,559 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 111,559 square foot healthcare facility, situated on 6.78 acres in Princeton, Texas, presents a compelling investment opportunity. The property, comprised of two buildings, includes 164 beds previously licensed for Type A and Type B assisted living in Texas. Originally constructed in 1997 with significant renovations completed between 2008-2010 and 2020-2022, the complex offers a range of amenities including semi-private and private rooms, a secured memory care unit, a detached 3,000 square foot medical office building, a chapel, library, courtyard, beauty salon, dining hall, and recreational rooms. Pet accommodations and on-site nursing staff support are also available. The property is zoned C-2 and is conveniently located within the Dallas-Fort Worth metroplex, just 45 miles northeast of Dallas and eight miles east of McKinney. Its proximity to major healthcare providers such as Baylor Scott & White Medical Center and Medical City McKinney enhances its appeal. The property's location in a growing community, adjacent to several schools, and across from new multifamily developments, further strengthens its investment potential. The significant demand for senior living facilities, driven by the aging population and limited new construction, positions this property for substantial future growth. A bid deadline of December 12th at 5:00 PM CT is in place. On-site inspections are available by appointment only on November 13th, 20th, and December 4th.

    Property Features for 830 Princeton Dr

    General Information

    Property type
    Retirement homes
    Square Feet
    111,559 SF
    Lot Size
    295,337 SF

    Building Details

    Year Built/Renovated
    1997/2008
    Buildings
    2

    HighLights

    • 111,559 SF healthcare facility on 6.78 acres in Princeton, TX (Dallas‑Fort Worth metroplex).
    • 164‑bed assisted living facility (Type A & B licensed) with a 3,000 SF medical office building.
    • Renovated in 2008‑2010 and 2020‑2022; amenities include private & semi‑private rooms, memory care unit, chapel, library, courtyard, beauty salon, dining hall, and recreational rooms.
    • Value‑add/redevelopment opportunity; located near major healthcare providers, schools, and new multifamily developments.
    • Bid deadline: December 12th at 5:00 PM CT; on‑site inspections available November 13th, 20th, and December 4th.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retirement homes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Collin
    State
    Texas
    Longitude
    -96.489743526564
    Latitude
    33.175407649915

    Nearby Similar for Sale

    • $1,599,000
      2,872 SF

      Princeton Farmhouse with Scenic Acreage

      Modern farmhouse on 10.4 acres with pond and shop.
      11109 Dakota Trl, Princeton, TX 75407
      View Details
    • $2,200,000
      18,244 SF

      Versatile Commercial Property in Princeton, TX

      18,244 sq ft commercial property with office and industrial space.
      524 E Hazelwood St, Princeton, TX 75407
      View Details
    • $590,000
      0.22 Acres

      Commercial Corner Lot in Princeton

      Two adjacent commercial properties in downtown Princeton, Texas.
      213 Mckinney Ave, Princeton, TX 75407
      View Details
    • $399,900
      0.23 Acres

      Princeton Retail/Office Opportunity

      Retail or office space in rapidly growing Princeton, Texas.
      1821 Fm 982, Princeton, TX 75407
      View Details
    • $295,000
      0.14 Acres

      Three-Bedroom Home in Quiet Neighborhood

      Comfortable three-bedroom home with open layout, spacious backyard, and convenient location.
      2041c Meadow View Dr, Princeton, TX 75407
      View Details
    • $2,400,000
      0.76 Acres

      Princeton Car Wash Business Opportunity

      Car wash with self-service bays and in-bay automatic system.
      317 W Princeton Dr, Princeton, TX 75407
      View Details

    FAQs

    What type of property is this?
    Retirement home - Vacant medical office & senior living complex. Prime Collin County location.
    Where is this retirement home located?
    The property is located at 830 Princeton Dr Princeton, TX.
    What are key features of this property?
    This property features: 111,559 SF healthcare facility on 6.78 acres in Princeton, TX (Dallas-Fort Worth metroplex).; 164-bed assisted living facility (Type A & B licensed) with a 3,000 SF medical office building.; Renovated in 2008-2010 and 2020-2022; amenities include private & semi-private rooms, memory care unit, chapel, library, courtyard, beauty salon, dining hall, and recreational rooms.
    Request Owner's contact information
    830 Princeton Dr Princeton, TX 75407
    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.
    830 Princeton Dr
    Princeton, TX 75407
    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
    830 Princeton Dr Princeton, TX 75407
    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.