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609 16Th St Plano, TX 75074

OFF-MARKET Commercial real estate Google Maps
1,520 SF 0.94 ac lot Built 1891
Estimated value
No estimation on file for this property yet.
Property ID US82-2647599

Property summary

AI-generated overview

This exceptional 1,520 square foot property at 609 E 16th Street, Plano, TX presents a unique development opportunity. Situated on a nearly one-acre lot (0.94 acres) in the heart of downtown Plano, this site is zoned Corridor Commercial, offering incredible flexibility for various uses. Imagine a vibrant retail space, modern office complex, or a mixed-use development that seamlessly blends historical charm with contemporary design. The property includes a historic home, built in 1891, designated H-10 and H-20 for its architectural and cultural significance. This presents a chance to preserve a piece of Plano's history while creating a truly distinctive commercial landmark. Its location, just a couple of blocks east of the 75 Fwy, provides excellent access and visibility. The property benefits from downtown Plano's thriving atmosphere, surrounded by bustling businesses, diverse dining options, and vibrant entertainment venues. This nearly one-acre site offers immense potential for a developer seeking a high-impact project in a desirable location. Further details on permitted uses are available in the provided documentation. The asking price is $1,000,900.

Property profile

Verified
Property type Commercial real estate
Year built 1891
Total area 1,520 SF
Lot 0.94 ac (40,946 SF)
UPID US82-2647599

Cap rate & NOI

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Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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