408 Allen DrAllen, TX 75013

Property Details for 408 Allen Dr

Year built

1975

Lot size

1.78 AC

Property size (Sq ft)

3,115 SF

Property type

Office properties

Property subtype

Office buildings

APN

R-1511-000-002D-1

APU

R1511000002D1

Description

This exceptional ±3,115 square foot medical office space presents a fantastic opportunity for owner-occupancy or investment. Located in the thriving downtown Allen area, this property boasts a convenient location, close to Allen High School, making it easily accessible to a large patient base. The building sits on approximately 1.77 acres, with additional acreage potentially available for future expansion, offering significant growth potential. Currently configured as a move-in-ready medical office, the space is ideal for a variety of healthcare practices or other service-oriented businesses. The single-tenancy setup provides flexibility and control. The property's prime location in Collin County, within a rapidly developing downtown area, ensures strong visibility and accessibility. This is a rare opportunity to acquire a well-situated, versatile commercial property in a high-demand area. The existing building's condition allows for immediate occupancy, minimizing downtime and maximizing return on investment. The ample land provides room for future development, catering to expansion needs or potential additional revenue streams. This property is perfect for a business seeking a prominent location with growth potential in a desirable Collin County community. Serious inquiries are encouraged to explore this unique opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $686,006

  6.5%

  $633,236

  7%

  $588,005

• Comparable approach

  Method

  Valuation

  Relative Method

  $455,605

  Geo Method

  $374,797

• Alternative Use

  Use

  Valuation

  Residential

  $785,213

  Hospitality

  $719,251

  Educational

  $598,408

  Medical

  $618,988

  Retail

  $930,857

Location Insight

City

Allen

County

Collin

State

Texas

Latitude

33.1084

Longitude

-96.6717

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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