Property summary
This exceptional 20,000-square-foot flex building, located at 1601 Capital Ave in Plano, Texas, presents a unique investment opportunity. Situated on a 1.09-acre lot in Collin County, this Class B property boasts a prime location with easy access to major transportation routes. Originally constructed in 1984 and extensively renovated in 2024, the building offers a modern and functional space ideal for a variety of uses, including flex, R&D, and warehouse operations. The property features a desirable open floor plan, perfect for customization to suit specific business needs. The building's electrical infrastructure is robust, with 200-400 amp/240V, Phase 3 power available. The zoning is designated as Light Industrial, providing flexibility for a range of permitted activities. The two-story building is comprised of a single structure, offering efficient space utilization. This turnkey property is offered at $5,100,000 and is ready for immediate occupancy. The property's recent renovation ensures modern amenities and systems, minimizing upfront capital expenditures for the new owner. This is an excellent opportunity to acquire a well-maintained, strategically located industrial property in a thriving Texas market.
Property profile
VerifiedCap rate & NOI
Current use
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Car Dealership
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Big Box & Wholesale Store Auto Parts Store
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Recycling Center Waste Management Facility
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Recycling Center Waste Management Facility
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Car Dealership
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The LI-1 district is intended to provide areas for light manufacturing firms engaged in processing, assembling, warehousing, research and development and incidental services that are developed in accordance with the same…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
LI-1 · Plano, TXThe LI-1 district is intended to provide areas for light manufacturing firms engaged in processing, assembling, warehousing, research and development and incidental services that are developed in accordance with the same…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The LI-1 district is intended to provide areas for light manufacturing firms engaged in processing, assembling, warehousing, research and development and incidental services that are developed in accordance with the same…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LI-1 in Plano, TX.
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