1617 K AvePlano, TX 75074

Property Details for 1617 K Ave

Year built

1900

Lot size

0.54 AC

Property size (Sq ft)

5,834 SF

Zone code

BG

Property type

Commercial real estate

APN

R-0340-002-006R-1

APU

R0340002006R1

Description

This exceptional property, located at 1617 K Avenue in historic downtown Plano, Texas, presents a unique investment opportunity. The property encompasses a meticulously restored 5,834 square foot Greek Revival home, built in 1867 and designated a local Heritage Landmark, making it eligible for the Heritage Tax Exemption program. Sitting on a 0.54-acre lot, the home boasts many original features, including oak and pine floors throughout much of the interior. The main house features a thriving retail business, "The Wooden Spoon Scandinavian Shop And Cultural Center," operating successfully for over 30 years on the first floor. The second floor offers two meeting rooms, a full kitchen, and private residential space. Adding to the property's income potential is a separate coach house located at the rear, currently leased to an independent business. This remarkable property is situated within walking distance of Plano's vibrant business district, offering easy access to shops, pubs, and upscale apartments. The combination of historical significance, established commercial income, and prime location makes this a truly exceptional offering. The asking price is $1,375,000.

• Alternative Use

  Use

  Valuation

  Residential

  $1,470,604

  Hospitality

  $1,347,065

  Educational

  $1,120,742

  Medical

  $1,159,287

  Retail

  $1,743,377

Location Insight

City

Plano

County

Collin

State

Texas

Latitude

33.0225

Longitude

-96.6997

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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