Entity Owned Property summary
This exceptional 25-acre commercial land parcel in Allen, Texas, presents a compelling investment opportunity. Located at 7237 E Parker Rd, Collin County, zip code 75002, this property boasts significant frontage on Parker Road (approximately 600 feet), offering unparalleled visibility. The land is zoned Residential (SF-1) and includes seventeen one-acre lots and two lots exceeding two acres each. City entitlements and approved site plans are in place, streamlining the development process. Existing water and electrical services are readily available. The property features level topography, making it ideal for various development projects. Given the thriving residential market in Lucas, Texas, with median home prices reaching $1.1 million (April 2024) and listings exceeding $5.3 million, this land offers substantial potential for significant returns. The APN is 361682. The asking price is $5,999,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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