00 Greenville Ave Allen, TX 75002
This exceptional 3-acre development site presents a rare opportunity in Allen, Texas. Situated at the hard corner of Greenville Avenue (Highway 5) and Chaparral Road, this property serves as the primary gateway into the city. Uniquely positioned as the only buildable corner, it benefits from substantial frontage on a six-lane divided highway in both directions, ensuring high visibility and accessibility. A lighted intersection further enhances visibility and safety. The site is zoned for local retail use, making it ideal for a shopping center, gas station, or quick-service restaurant (QSR). Surrounding the property are City of Plano and City of Allen parklands and Allen ISD property, providing a desirable and stable neighborhood context. Strong traffic counts and robust demographics underscore the significant potential for this development. The property's location offers unparalleled visibility and accessibility, making it an exceptional investment opportunity for developers seeking a high-impact retail location in a thriving Texas market. The lot size falls within the 1-8 acre range, offering flexibility for various development plans. This is a truly unique opportunity to establish a landmark retail presence in Allen, TX.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.