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Property profile & analytics
OFF-MARKET
Office Spaces

701 1St St Prosper, TX 75078

1,660 SF 0.54 ac lot Built 1920
Property ID
US83-2818771
Property summary
AI-generated overview

This exceptional 1,660 square foot office building in Prosper, TX, presents a unique investment opportunity. Located at 701 E 1st Street, this property sits on a desirable 0.54-acre lot and has undergone a complete reconstruction in 2024. The renovation included the installation of brand new HVAC systems and ductwork, complete with a 10-year warranty for peace of mind. The entire electrical wiring system has been replaced, ensuring modern and efficient power distribution. Furthermore, the plumbing has been fully updated, including the addition of four restrooms, two of which are ADA compliant. Energy efficiency is maximized with new foam insulation throughout the building. The interior boasts new doors, trims, windows, flooring, paint, and updated door knobs and other finishes, creating a fresh and modern workspace. Exterior improvements include new concrete and sidewalks, with parking to be constructed per the approved site plan. The property is zoned to prohibit schools and daycare centers. This turnkey office building is ready for immediate occupancy and offers a compelling combination of modern amenities and a prime Prosper location. The asking price is $950,000.

Property profile
Verified
Property type Office Spaces
Year built 1920
Total area 1,660 SF
Lot 0.54 ac (23,522 SF)
UPID US83-2818771
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
Current use
Occupant on record · Public records
  • Kabat Interactive Solutions Advertising Agency Marketing & Advertising
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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