1201 Main StAllen, TX 75002

Property Details for 1201 Main St

Year built

1985

Lot size

3.12 AC

Property size (Sq ft)

36,672 SF

Zone code

SC-DR

Property type

Commercial real estate

APN

R-1920-00A-0010-1

APU

R192000A00101

Description

This exceptional 3,900 square foot retail shopping center, located at 1201 E Main St in Allen, Texas (zip code 75002), presents a unique investment opportunity. The property is classified as a multi-tenant retail space, ideal for a variety of businesses seeking high visibility and convenient access. Its strategic location offers significant advantages, boasting close proximity to Allen High School and Lowery Freshman Center, ensuring a consistent flow of potential customers. The property's address places it on East Main Street, a major thoroughfare in Allen, guaranteeing high traffic volume and excellent exposure. The building's total square footage is 3,900 square feet, providing ample space for multiple tenants or a single large-scale operation. This property is situated in the thriving city of Allen, Texas, known for its strong economy and desirable residential areas. The precise coordinates are 33.1010101 latitude and -96.6407213 longitude. This retail center represents a compelling investment prospect for those seeking a well-located, established commercial property in a rapidly growing Texas community. The property's proximity to educational institutions makes it particularly attractive to businesses catering to students, families, and the surrounding community. Serious inquiries are encouraged to explore the potential of this prime retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $9,152,970

  6.5%

  $8,448,890

  7%

  $7,845,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,363,700

  Geo Method

  $4,412,380

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $16,817,900

  Retail / Commercial

  $8,588,110

  Mixed-Use / Specialty

  $8,529,120

  Hospitality / Lodging

  $6,220,600

  Office

  $8,448,890

  Institutional / Educational

  $8,856,700

  Residential Income

  $10,362,300

  Multifamily

  $12,585,300

  Automotive / Energy

  $7,591,460

  Parking / Income-Based Land

  $2,647,750

  Restaurant / Food Service

  $4,375,510

  Healthcare / Senior Housing

  $8,775,550

Location Insight

City

Allen

County

Collin

State

Texas

Latitude

33.1008

Longitude

-96.6408

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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