701 1St St Prosper, TX 75078
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.
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Kabat Interactive Solutions Advertising Agency Marketing & Advertising
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
Similar Nearby for Sale
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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.