531 2Nd St Princeton, TX 75407
- Commercial real estate
- 1,682 SF
- 0.98 lot acres
Current Use by Public Records
- DENT AWAY / Auto Dent Removal Service
- Fitness Court at 3rd St Park / Gym
- 3rd Street Park / Park
Property Details for 531 2Nd St
- Year built
- 1973
- Lot size
- 0.98 lot acres
- Property size
- 1,682 SF
- Property type
- Commercial real estate
Description
This exceptional 1,682 square foot commercial property, situated on a nearly one-acre lot at 531 S 2nd Street in Princeton, Texas, presents a unique investment opportunity. The expansive lot extends back into a wooded area, offering significant privacy and potential for future development. Its versatile nature makes it suitable for a wide range of commercial uses, including, but not limited to, a medical office, daycare facility, or other businesses. The property benefits from its location within a rapidly growing area, with a new residential subdivision recently constructed nearby, indicating strong future development and increased population density. This translates to a high potential for increased property value and strong rental income. Prospective buyers should be aware that development plans will need to be submitted to the county and potentially the city of Princeton for approval. A sewer line is conveniently located adjacent to the property. The property is being sold "as is," with no repairs to be made at the listed price of $495,000. The seller requires a leaseback period of 30-45 days following the closing date. Serious inquiries only
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Princeton
- County
- Collin
- State
- Texas
- Longitude
- -96.499
- Latitude
- 33.1654
