Property profile

00 Main St Allen, TX 75002

OFF-MARKET
Land
2.42 ac lot
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Property summary

AI-generated overview

This exceptional 2.42-acre (approximately 1.5 net acres) commercial land parcel presents a unique investment opportunity in the thriving city of Allen, Texas. Located within the desirable 75002 zip code, this property boasts a prime location zoned "LC" for Light Commercial use, making it ideal for a variety of businesses. The zoning permits uses such as fast food restaurants, coffee shops, donut shops, office spaces, and restaurants, among other possibilities. Its strategic position offers excellent visibility and accessibility, with numerous surrounding residential areas providing a substantial customer base. A key advantage is the property's picturesque setting, bordered by Mustang Creek and walking trails, creating a potential for attractive outdoor seating areas. While the property currently lacks a formal address, it is anticipated to fall within the 1100 to 1200 E Main Street range. This presents a rare chance to develop a business in a high-demand area with significant growth potential. The asking price for this remarkable property is $995,000. Don't miss this opportunity to secure a prominent location in Allen, TX.

Property profile

Verified
Property type Land
Lot 2.42 ac (105,415 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

00 Main St Allen, TX 75002
Allen metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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