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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

Prosper TX 1 St & Legacy Dr Prosper, TX 75078

22 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Lot 22 ac (958,320 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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