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    OFF-MARKET
    Land

    00 Main St, Allen, TX 75002

    2.42 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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