Prosper TX 1 St & Legacy Dr Prosper, TX 75078
This exceptional 22-acre retail opportunity is situated at the northwest corner of West First Street and Legacy Drive in Prosper, Texas, Collin County (zip code 75078). The property offers a unique blend of pad sites and larger retail spaces, catering to a variety of development possibilities. Its location within rapidly expanding Prosper, surrounded by affluent neighborhoods, ensures high visibility and strong potential for tenant attraction. The site benefits from its close proximity to major amenities, including the PGA World Headquarters and the Omni Resort. Furthermore, significant infrastructure improvements are underway, enhancing accessibility and future growth. Legacy Drive is slated for extension to US-380 (estimated completion Spring 2025), and expansion to four lanes (with long-term plans for six lanes) to Frontier Parkway. A new Richland High School is currently under construction just south of the property, opening in 2025, further bolstering the area's appeal and demographics. The property's less than 1.5-mile distance from US-380 and the PGA Resort, North Fields, and Fields West provides exceptional convenience and connectivity. This is a rare opportunity to acquire a substantial retail parcel in one of Texas's fastest-growing communities.
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
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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.